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ICU Research
is a small but highly professional team of experts who have deep insight in diverse fields of finance — from global markets to Ukrainian macroeconomics and from the local banking sector to sovereign debt market.
Bond Market Reviews
Weekly Reviews
Macroeconomics
Bond Market Reviews
UAH bond yields remain steady
At yesterday's primary auction, the Ministry of Finance did not respond to the National Bank's key p...
4 November 2026
MoF borrows steadily
Yesterday, the Ministry of Finance offered the same bonds as last week. However, supply was lower, a...
14 October 2026
MoF places new UAH bond
Yesterday, the Ministry of Finance offered a new series of UAH bonds. While the yield was notable, t...
7 October 2026
Weekly Reviews
NBU hikes key rate to 16.5%
The regulator raised the key policy rate by 50 bps to 16.5%, its third consecutive hike, citing a si...
2 November 2026
Strong demand puts downward pressure on yields
Yesterday, the Ministry of Finance offered the same securities as in the previous two weeks. Two iss...
21 October 2026
MoF alters approach for bond exchange
The Ministry of Finance’s initial plans to exchange reserve bonds via a single auction were altered,...
19 October 2026
Macroeconomics
The fog thickens
The Ukrainian economy is going through the most challenging period since 2022, as russia’s terrorist...
14 October 2026
Macro risks up; more foreign financial aid unlocked
The Ukrainian economy showed unparalleled resilience to massive electricity blackouts at the start o...
5 June 2026
Growth Weak but Macroeconomic Stability Safeguarded
The economy is set to slow further as headwinds remain intense. The energy crisis caused by russia’s...
6 February 2026
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Economy
8 December 2025
Company News
3 April 2025
Economy
13 December 2024
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27 February 2023
Investments
21 February 2023
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20 February 2023
Venture Capital
15 December 2022
Investments
18 November 2022
Economy
6 September 2022