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Abigail Hofman:

Abigail Hofman:

I wonder if ______ is an extremely optimistic person or in a cocoon of senior management denial

No. 6: If you don’t give it to me you’ll only lend it to someone else and look where that got us

No. 6: If you don’t give it to me you’ll only lend it to someone else and look where that got us

10 reasons to tell your boss you deserve a bonus

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Skip Navigation LinksHome :: Markets/asset classes :: Foreign exchange :: Yield on 5-year treasuries rises to 9.64%.

Friday, July 4, 2008

Yield on 5-year treasuries rises to 9.64%.





Yield on 5-year treasuries rises to 9.64%. The Treasury sold RON 45.6mn (EUR 12.5mn) of five-year benchmark T-notes. The value sold represents only 6.5% of RON 700mn specified in the offer. Participating banks placed bids worth RON 915.4mn. The average accepted price was equal to 94.8731% of par placing the yield at 9.64% against 9.45% in the previous auction held on June 5. The Treasury succeeded to place RON 216mn (EUR 59mn) then, less than half of the planned issue of RON 500mn. The Treasury has placed domestic securities for RON 8.7bn last year and RON 5.28bn since the beginning of this year.







Some senior executives within banking are, in private of course, admitting the current composition of boards is not serving the industry’s best interests

Fewer than one in three directors of 17 banks outlined in Board stupid has any direct experience of the banking industry. Most worrying for shareholders, only one in 10 directors are former bankers in a non-executive role.

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