Market information Thursday 19th of May, 2016

Yesterday Ukraine might have unlocked USD 1.7 billion bailout money, by accepting the new conditions of the International Monetary Fund (IMF). If Ukraine honors the conditions, it might receive its next tranche in the beginning of July. Two years ago the IMF decided to aid the country in its economic recovery. However, due to political turmoil and the slow pace of reforms the IMF decided to stall the third tranche.

After the publication of the minutes of the last meeting of the Federal Reserve (Fed) it is still not clear if the Fed will raise its benchmark interest rate in June. It seems that there is no consensus among the policy makers about the decision.

The European Commission (EC) has warned Spain and Portugal for missing their fiscal targets. The two countries need to bring their budget deficits in line with the EU national budgetary targets. In July the EC will decide if it will impose financial sanctions on the countries.

The 6M Euribor remained unchanged at -0.14%. The 10Y Swap increased with 5 basis points to 0.59%.

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: