Market information Monday June 29th 2015

The European Central Bank (ECB) carries out the scope of the emergency aid for Greek banks not go on , it will freeze the maximum level of support to Greek banks for the time being at the level of last Friday. The ceiling for the so-called Emergency Liquidity Assistance ( ELA) was amounted to approximately EUR 89 billion this Friday, according to insiders.

Saturday the Greek Parliament has approved a referendum on the euro crisis. It will be held on Sunday the 5th of July. The question that is presented is whether the Greeks will accept the European requirements. In one study, 47% of voters will vote for acceptance, opposed to 33% against. In another one, 57% is in favor of acceptance opposed to 33% against. The left-wing Greek government will give a negative voting recommendation to the population.

Greek banks remain closed until next week Monday the 6th of July. Cash withdrawals at ATMs in Greece are currently limited to a maximum of EUR 60 per day and international payments via Greek banks and transfers to abroad are provisionally banned.

The 6M Euribor remained unchanged at 0.05%. The 10Y Swap decreased with 2 bp to 1.18%.

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: