â€œThis is a big week for Greece when it comes to liquidity. Concerns of a deteriorating liquidity situation seem to be forcing the government to cave into some, but not all, of the demands from its creditors.â€
â€œGreece has a payment due to the IMF (â‚¬200m) on May 6 as well as on May 12 (â‚¬750m). On Wednesday, the Government will hope to conduct a â‚¬6m T-bill auction to rollover a +â‚¬1.4b six-month T-bill maturing on May 8. On that day the ECB will be holding its non-policy meeting where haircuts for the ELA collateral is expected to be discussed.â€
â€œA deal is not necessary for the ECB to release payments. The market believes that the cap on the T-bill issuance could be lifted if a Greek deal is on the horizon with its creditors.â€
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.