24 July 2014 Market Reviews

Daily Insight

Liquidity fund reallocations; Eurobonds rebound; Hryvnia lower yesterday; Auction results

Yesterday’s primary auction was planned for Wednesday, most likely because funds paid on FX-denominated bond redemptions were due in investors’ accounts yesterday. This was the US$294m redemption of 1...

ICUDailyInsight-20140724.pdf  (807.2kb)

23 July 2014 Market Reviews

Daily Insight

Services sector in June; UAH strengthens; Liquidity declines; YTMs diverge; Auction results

Broader banking sector liquidity declined UAH0.47bn to UAH44.95bn as banks’ correspondent accounts with the NBU fell UAH3.38bn to UAH28.03bn and total CDs outstanding increased UAH2.32bn to UAH11.95bn...

ICUDailyInsight-20140723.pdf  (803.2kb)

22 July 2014 Market Reviews

Daily Insight

Liquidity declines; 2Q real GDP contracts 5% YoY; YTMs diverge slightly

The Ukrainian economy contracted 3% YoY in 1H, implying that after a 1.1% YoY decline in 1Q, a 5% YoY contraction followed, according to an official release yesterday. The Kremlin's aggression has had...

ICUDailyInsight-20140722.pdf  (786kb)

21 July 2014 Market Reviews

Daily Insight

Ukraine - Russia stalemate takes an acute turn; Liquidity up; YTMs increase; NBU buys USD;

After the tragic loss of 298 civilian passengers on Malaysian Airlines MH17 on July 17, the Ukraine-Russia stalemate has taken an acute turn. Ukrainian officials accumulate solid evidence, including r...

ICUDailyInsight-20140721.pdf  (799.4kb)

18 July 2014 Market Reviews

Daily Insight

Deadly events in Donbass; Liquidity declines despite support; YTMs increase;

Following the US government's imposition of additional sanctions on the Kremlin yesterday, a Malaysian Airlines aircraft was shot down in Donbass where pro-Kremlin militants continue to operate. At mi...

ICUDailyInsight-20140718.pdf  (789.2kb)

17 July 2014 Market Reviews

Daily Insight

NBU raises its official rate; UAH trades flat; Liquidity increases slightly; YTMs increase

Citing accelerated inflation as motivation, the NBU increased its official rate from 9.5% to 12.5% yesterday. Officials also stated the progress with the IMF programme and early signs of deposits retu...

ICUDailyInsight-20140717.pdf  (790kb)

16 July 2014 Market Reviews

Daily Insight

Hryvnia resilient; YTMs rise further; Liquidity continues to decline; Auction results

Broader banking sector liquidity slid UAH0.39bn to UAH43.01bn yesterday for the second consecutive day this week. Banks’ correspondent accounts with the NBU fell UAH0.91bn to UAH28.19bn while total CD...

ICUDailyInsight-20140716.pdf  (755.4kb)

15 July 2014 Market Reviews

Daily Insight

Liquidity declines; YTMs increase ; Auction announcement; UAH flat at 11.7/USD, mixed in TWI terms

The UAH traded mostly flat, closing just above 11.7/USD on the new norm of US$300m in less active summer trading. The hryvnia's real trade-weighted index was rather mixed as the Russian ruble decline...

ICUDailyInsight-20140715.pdf  (787.3kb)