In 2006, a former trader of Rabobank complained unsuccessfully to the British Bankers’ Association about the skullduggery with the Libor. This came out during the lawsuit in New York against two former Rabobank employees. In an email the former trader wrote to a colleague that the British Bankers’ Association did not understood his concern.
This afternoon, the ECB will decide on the interest rate. According to market consensus this will remain unchanged so the main focus is on the interpretation of Draghi’s commentary. In the last few weeks the speculation on an extension of the current buy-back program increased. Crucial is the ECB’s inflation expectation in the medium term.
On the first trading day, the share price of car manufacturer Ferrari increased with 15%. The introduction share price was USD 51 but when the first shares were traded it increased to USD 60. Parent company Fiat Chrysler Automobiles has now sold 10% of the shares of Ferrari.
The 6M Euribor remained unchanged at 0.02%. The 10Y Swap decreased by 3 bp to 0.95%.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: firstname.lastname@example.org.
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