Market information Wednesday January 13th 2016

The Federal Reserve will account a profit of USD 97.7 billion for this year. This is published by the Federal Reserve this week. The profit is 1% higher compared to last year and will be paid to the Ministry of Finance. The profit of the Federal Reserve is mainly due to interest income on government bonds. The rise in government bond sales is primarily caused by to the purchasing program of the central bank.

RBS warns customers for a catastrophic year for the stock markets. The bank advised to sell all investments except high quality government bonds. RBS expects that the stock markets will decrease by 20% and the oil prices will decrease to USD 16 per barrel for the coming year. Furthermore, the bank expects that the FTSE index will suffer from a larger decline because the index contains a high proportion of miners and other commodity-related businesses.

In 2015, the number of bankruptcies fell by 22% in the Netherlands compared to last year, according to credit rating agency Graydon yesterday. Last year, 6303 companies went bankrupt in the Netherlands. Graydon expects that the number of bankruptcies will decline further next year. The credit rating agency expects that the number of bankruptcies will come close to the level of 2008. In 2008, 4904 companies went bankrupt in the Netherlands.

The 6M Euribor remained unchanged at -0.05%. The 10Y Swap decreased with 2 basis points to 0.89%.

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: