Greece pays IMF due

• Greece has successfully repaid the current tranche of IMF payment of € 0.45 billion. With that pressure eases somewhat on Greece.
  
  
• 3 year bond yield that was hovering close to 24% has now fallen back towards 20% level, lowest this month.
  
  
• Focus now shifts towards next tranche of payment due by May end close to € 1 billion to IMF along with another € 2.4 billion to salary and pension commitments.
  
  
• Market is hoping for a deal in the nest Euro group finance ministers' meeting to be held in Riga, capital of Latvia on 24^th of April. This is a self-imposed deadline to reach a constructive agreement between Greece and its creditors.

Greek Prime Minister's recent visit to Moscow has not resulted in any concrete steps or assistance, however Russian president Vladimir Putin assured future cooperation and offered Greece to join the Russia to Europe pipeline that is being built through Turkey to deliver Russian gas in Europe.

If the deal gets sealed it will bring millions of Euro to Greece as commission payments in future.