Market information Friday July 17 2015

The European Central Bank (ECB) has increased emergency funding to Greek banks by EUR 900 million. Due to this, the total amount of the Emergency Liquidity Assistance (ELA) reaches EUR 86.8 billion. The increased amount in emergency aid to the Greek banks, enables Greek banks to open their doors again coming Monday.

Eurozone ministers have agreed to give Greece a EUR 7 billion loan. The loan is provided by the European Financial Stabilisation Mechanism (EFSM ). The loan will keep the Greek finances afloat until a bailout is approved. The bridging loan means Greece will be able to repay its debts to the ECB and the International Monetary Fund (IMF) on Monday.

China’s biggest state-owned banks have lent a combined EUR 192 billion to the country’s margin finance agency in recent weeks to avert a free fall in the Chinese stock market. The funds are borrowed by the China Securities Finance Corp (CSF), a government deployed agency, to inject rescue funds into the stock market.

The 6M Euribor remained unchanged at 0.05%. The 10Y Swap decreased with 2 bp to 1.12%.

In the attachment below, 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: