18 August 2016
Market Reviews
Bond Market Insight
MoF pushes domestic yield curve down
We consider last domestic government bond placement (held on 16 August 2016) as a success for the government.
First, the yield curve shifted downward on this government bond placement versus ...
ICUDebtInsight-20160818.pdf (361.7kb)
16 August 2016
Market Reviews
Bond Market Insight
Минфин снижает кривую доходностей
Результат сегодняшнего аукциона по размещению государственных облигаций, на наш взгляд, следует рассматривать как успех для правительства.
Во-первых, кривая доходности по ОВГЗ в гривне снизи ...
ICUDebtInsight-20160816-Rus.pdf (471.1kb)
3 August 2016
Market Reviews
Daily Insight
Primary auction rejects all bids
The MoF rejected all submitted demand at yesterday's auctions, based on low volume and unacceptable interest rates. Although demand for the 5-year bond was anticipated at the acceptable rate 16.55%, t ...
ICUDailyInsight-20160803.pdf (720.2kb)
2 August 2016
Market Reviews
Daily Insight
Liquidity recovers slightly
After the expected decline at the end of last week, liquidity recovered yesterday, mostly supported by the NBU. Banks’ correspondent accounts with the NBU rose UAH3.84bn to UAH41.53bn while total CDs ...
ICUDailyInsight-20160802.pdf (722.1kb)
1 August 2016
Market Reviews
Daily Insight
New government bond offering results
Last week, the MoF sold UAH0.8bn of new government bonds which were mostly purchased by banks and other residents. As local currency also weakened on that day, total bonds outstanding rose UAH0.90bn t ...
ICUDailyInsight-20160801.pdf (723.6kb)
29 July 2016
Market Reviews
Daily Insight
Liquidity indicators volatility
Prior to the NBU’s decision on the key monetary rate, yesterday was the last chance to buy CDs at 16.5% for two weeks, as the interest rate was cut to 15.5%. Total CDs outstanding rose UAH1.34bn to UA ...
ICUDailyInsight-20160729.pdf (757kb)
28 July 2016
Market Reviews
Daily Insight
Market anticipates key rate cut
The NBU is expected to cut its key monetary rate today once more. Tuesday’s increase in liquidity was mostly invested in 2-week CDs while the NBU’s injections via the FX market covered outflows. Banki ...
ICUDailyInsight-20160728.pdf (717.4kb)
27 July 2016
Market Reviews
Daily Insight
Increase in liquidity short-lived
Although banking sector liquidity rose UAH2.21bn to UAH100.50bn yesterday, the first time since the end of June, this increase could be short-lived and partially supported by the NBU. Banks’ correspon ...
ICUDailyInsight-20160727.pdf (704.3kb)