Market information Tuesday August 11th 2015

The European Commission, the International Monetary Fund (IMF), the European Central Bank (ECB) and the European Stability Mechanism (ESM) have successfully reached an agreement on a new bailout deal for Greece this morning. The Greek government has requested a three year lending program of EUR 86 billion. Negotiations with creditors on the terms started since mid-July. In the coming days the Greek parliament will vote on the bailout package.

The Chinese central bank devalued the yuan with 1.9%. The devaluations of the yuan is due to disappointing economic figures. Last weekend China’s export and product prices decreased. The yuan is therefore at its lowest point in three years. This approach should stimulate the economy and export once again.

The court in Rotterdam granted the request of deferral of payment from the engineering services company Imtech today. Imtech has liquidity problems for several months. The German part of Imtech filed for insolvency last Thursday. Additional bank financing has not succeeded so far. Yesterday the share price of Imtech decreased with 40% to a closing price of EUR 0.43.

The 6M Euribor remained unchanged at 0.05%. The 10Y Swap remained unchanged at 1.02%.

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: