31 March 2014 Market Reviews

Daily Insight

Liquidity rose prior to the last day of tax payments; Yield curve flattens

Last Friday began with a significant increase in banking sector liquidity that occurred prior to the last day of monthly tax payments. Broader banking sector liquidity rose UAH3.15bn to UAH41.83bn as...

ICUDailyInsight-20140331.pdf  (800.5kb)

28 March 2014 Market Reviews

Daily Insight

IMF issues requirements for Ukrainian funding; Ukrainian Eurobonds rebound

Banking sector liquidity remained steady after Wednesday’s deals and resulted in broader banking sector liquidity decline a mere UAH0.16bn to UAH38.68bn yesterday. The MoF repaid UAH1.96bn in local cu...

ICUDailyInsight-20140328.pdf  (762.3kb)

27 March 2014 Market Reviews

Daily Insight

Liquidity reallocation continues; YTMs change slightly; DTEK’s production grows; UAH weakens further

Broader banking sector liquidity rose an insufficient UAH0.13bn to UAH38.83bn yesterday as banks’ correspondent accounts with the NBU increased UAH1.25bn to UAH26.19bn. Total CDs outstanding declined ...

ICUDailyInsight-20140327.pdf  (824.7kb)

26 March 2014 Market Reviews

Daily Insight

Liquidity reallocation; YTMs fall; Primary auction results; UAH falls to 11/USD

Although Monday’s increase in ON CDs outstanding sold by the NBU caused a significant decline in banks’ correspondent accounts with the NBU, the increase in debt repayments scheduled for the next 30 d...

ICUDailyInsight-20140326.pdf  (799.7kb)

25 March 2014 Market Reviews

Daily Insight

Liquidity down; YTMs move slightly; Auction announcement; UAH weakens further; Gas price may rise

Yuriy Prodan, Ukraine’s Minister of Fuel and Energy, stated that the price of Russian gas for Ukraine will be US$386-387/Mcm, provided that the Russia-Ukraine agreement concluded in Kharkiv in 2010 is...

ICUDailyInsight-20140325.pdf  (813.8kb)

24 March 2014 Market Reviews

Daily Insight

Liquidity up before tax payments; YTMs decline; UAH weakens further

Tax payments began last Friday, and liquidity significantly rose beforehand. Broader banking sector liquidity rose UAH3.99bn to UAH38.51bn last Friday as banks’ correspondent accounts with the NBU ros...

ICUDailyInsight-20140324.pdf  (798.3kb)

21 March 2014 Market Reviews

Daily Insight

Liquidity down; YTMs down; UAH hits two-week low; MoF plans to raise subsoil taxes

In a new taxation law draft, the Ministry of Finance proposes to increase subsoil tax rates for mining coking coal from 0.4% to 3%, anthracite from 0.5% to 2%, steam coal from 0.4% to 1.5%, as Interfa...

ICUDailyInsight-20140321.pdf  (804.3kb)

20 March 2014 Market Reviews

Daily Insight

Liquidity falls further; YTMs down slightly; UAH weakens further

Banks’ correspondent accounts with the NBU declined UAH1.71bn to UAH26.05bn yesterday while total CDs outstanding rose UAH0.57bn to UAH5.23bn. Total local currency debt repayments scheduled for the ne...

ICUDailyInsight-20140320.pdf  (798.6kb)