18 March 2014 Bonds

Bond Market Insight

Результаты аукциона по продаже ОВГЗ: Проба рыночных заявок

Сегодняшний аукцион стал для Минфина пробой увидеть реакцию рынка на повышение доходности на прошлой неделе и попробовать привлечь рыночный спрос. Данный эксперимент позволил увидеть уровни доходносте...

ICUDebtInsight-20140318-Rus.pdf  (429.3kb)

17 March 2014 Bonds

Bond Market Insight

Weekly review: Week of political issues

Ukraine remained under the pressure of crisis in Crimea but a lot of positive news took place last week. Ukrainian Prime Minister A.Yatseniuk had an official visit to the US to reach a financial su...

ICUDebtInsight-20140317.pdf  (1.3mb)

13 March 2014 Bonds

Bond Market Insight

Government bond auction results: Compensation of budget sources

After Tuesday’s failed primary auction, at which the MoF received no bids even with the routine support of domestic QE, yesterday’s unscheduled auction was expected. Most notably, the MoF bro...

ICUDebtInsight-20140313.pdf  (345.5kb)

12 March 2014 Bonds

Bond Market Insight

Government bond auction results: Failed auction

Yesterday’s primary auction received no demand, including no routine bid for long-term bonds supported by domestic QE. Even the significant increase in banks’ correspondent accounts with the NBU resul...

ICUDebtInsight-20140312.pdf  (334.4kb)

12 March 2014 Bonds

Bond Market Insight

Результаты аукциона по продаже ОВГЗ: компенсация части бюджетных средств

После вчерашнего неудачного аукциона, когда отсутствовали заявки на весь перечень предложенных инструментов, даже на те облигации, покупка которых сопровождалась поддержкой через отечественную програм...

ICUDebtInsight-20140312-Rus.pdf  (447kb)

11 March 2014 Bonds

Bond Market Insight

Weekly review: Between two giants

Ukraine was torn between two global political giants last week. On the one side, Russia, the largest neighbour on Ukraine’s eastern border, stood with its troops hovering along Crimea. On the other...

ICUDebtInsight-20140311.pdf  (1.2mb)

11 March 2014 Bonds

Bond Market Insight

Результаты аукциона по продаже ОВГЗ: Неудачный аукцион

Сегодняшнее размещение прошло с отсутствием спроса на любые из инструментов. Отсутствовал даже спрос на долгосрочные инструменты, обычно поддерживаемый через отечественную программу QE. Не способствов...

ICUDebtInsight-20140311-Rus.pdf  (427.7kb)

7 March 2014 Bonds

Bond Market Insight

Government bond auction results: New crisis financing

Due to difficulties with the budget performance and the lack of new sources for financing, the MoF continued to issue 5-year local currency bonds at conditions favorable for the MoF. Yesterday’s unsch...

ICUDebtInsight-20140307.pdf  (339.6kb)