21 March 2016 Market Reviews

Daily Insight

Liquidity reallocation

This week, liquidity is likely to decline further and reallocations should continue, albeit briefly, as month-end tax payments begin. The accumulation of funds for tax payments could cause liquidity t ...

ICUDailyInsight-20160321.pdf  (673.5kb)

18 March 2016 Market Reviews

Daily Insight

Insignificant interest rate movement

The NBU sold on Wednesday UAH12.15bn of CDs, including UAH2.00bn in new 30-days CDs sold to 20 banks. The NBU set its cut-off interest rate at 20.32%, and the weighted average interest rate was 20.25% ...

ICUDailyInsight-20160318.pdf  (678.9kb)

17 March 2016 Market Reviews

Daily Insight

Liquidity reallocation to CDs

Liquidity was reallocated from banks' accounts to CDs, falling UAH0.10bn to UAH96.75bn yesterday. Banks' correspondent accounts with the NBU declined UAH1.50bn to UAH38.32bn while total CDs outstandin ...

ICUDailyInsight-20160317.pdf  (675.7kb)

17 March 2016 Market Reviews

Bond Market Insight

Small portion of new borrowings

Yesterday's 3-year bond re-offering was quite successful as the MoF sold UAH80m of bonds at the routine 20% interest rate (21% YTM). The MoF received and accepted the sole small bid. The total outstan ...

ICUDebtInsight-20160317.pdf  (291.4kb)

17 March 2016 Market Reviews

Bond Market Insight

Небольшие порции заимствований

Вчерашнее доразмещение 3-летних ОВГЗ завершилось вполне успешно, доразмещением на сумму 80 млн гривень по номиналу под привычную ставку отсечения 20%. Спрос на аукціон был небольшим, и состоял из одн ...

ICUDebtInsight-20160317-Rus.pdf  (458.3kb)

16 March 2016 Market Reviews

Daily Insight

Liquidity declines slightly

After recovering slightly on Monday, banking sector liquidity fell UAH1.75bn to UAH96.85bn as banks' correspondent accounts with the NBU declined UAH2.52bn to UAH39.83bn while total CDs outstanding ro ...

ICUDailyInsight-20160316.pdf  (680kb)

16 March 2016 Market Reviews

Bond Market Insight

MoF sells 6-month bonds

At yesterday's auction, the MoF sold 6-month bonds for the first time this year since resuming holding primary auctions. The MoF extended its yield curve, setting the interest rate for 6-month bonds a ...

ICUDebtInsight-20160316.pdf  (294.4kb)

15 March 2016 Market Reviews

Daily Insight

Liquidity recovers after tax payments

This week started with UAH98.60bn of banking sector liquidity, up UAH3.41bn from this past Saturday (a business day in Ukraine). Banks' correspondent accounts with the NBU rose the most, up UAH3.13bn ...

ICUDailyInsight-20160315.pdf  (673.8kb)