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The US treasury market reaches breaking point

The US treasury market reaches breaking point

The structural issue that could cause the world's market of last resort to grind to a halt

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Monday, August 18, 2008

Average loan interest rate climbs by 7bps m/m in June.





Average loan interest rate climbs by 7bps m/m in June. The average interest rate on banking loans rose by 7bps m/m to 6.89% in June, the National Bank of Slovakia (NBS) reported. This was due to the borrowing of the non-financial companies, which registered a 15bps m/m rate increase during the month to 5.9%. In contrast, the average interest rate for household lending stood at 8.1% and declined by 2bps m/m. The average interest rate on new loans was down by 5bps m/m to 6.56% on a combined 1bps m/m fall in the lending rate for non-financial companies and an 8bps m/m drop in the lending rate for households. At the same time, the average deposit interest rate was 2.181% in June.







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