14 July 2014 Market Reviews

Daily Insight

Liquidity recovers; Eurobond YTMs decline; Hryvnia continues to trade with low volatility

The hryvnia on Friday closed at __/USD, up/down __% from the previous day, on US$__m in turnover, which is __% of the average daily trading volume of foreign goods (imports plus exports). In 2010-13, ...

ICUDailyInsight-20140714.pdf  (748.5kb)

11 July 2014 Market Reviews

Daily Insight

Liquidity declines; Eurobonds volatile; Hryvnia unchanged

The hryvnia traded flat at 11.73/USD throughout yesterday's session on US$330m in trading. Amidst global risk aversion, the USD index appreciated __%, the Russian ruble slid __%, and the EUR dropped _...

ICUDailyInsight-20140711.pdf  (784.1kb)

10 July 2014 Market Reviews

Daily Insight

YTMs diverge; Liquidity increase; UAH reverses some of its recent gain; Unscheduled primary auction

UAH reverses some of its recent gain The hryvnia weakened from the prior day's close. As the Kremlin has not responded actively to the pro-Russia militants' plea for rescue, the market interprets t...

ICUDailyInsight-20140710.pdf  (797.5kb)

9 July 2014 Market Reviews

Daily Insight

Liquidity continues to decline; Auction results; VAT debut tranche; UAH gaining

The hryvnia appears to be trading higher as it closed up/down ___% yesterday on US$__m in trading. As the Kremlin's warmongering stance appears to have eased back, with Putin not having responded to t...

ICUDailyInsight-20140709.pdf  (754.5kb)

8 July 2014 Market Reviews

Daily Insight

Inflation in June; UAH rises; Liquidity declines slightly; Eurobonds diverge; Auction announcement

Today’s auction follows the original schedule offering four bonds with maturities from three months to five years. The MoF is going to sell the same 3-month bonds that it sold twice last week, re-open...

ICUDailyInsight-20140708.pdf  (759.7kb)

7 July 2014 Market Reviews

Daily Insight

Liquidity up; Eurobonds volatile; Ukrainian army advances in Donbass; Hryvnia strengthens

Over the weekend, Ukraine's army advanced in some key urban centers of Donbass, freeing small cities like Sloviansk from pro-Kremlin militants who fled to the larger cities of Donbass, namely Donetsk ...

ICUDailyInsight-20140707.pdf  (794.5kb)

4 July 2014 Market Reviews

Daily Insight

Liquidity up; Eurobonds down; Third auction held UAH's real rate up

Broader banking sector liquidity rose a slight UAH0.20bn to UAH43.07bn yesterday as banks’ correspondent accounts with the NBU recovered UAH1.28bn to UAH29.78bn and the NBU increased total CDs outstan...

ICUDailyInsight-20140704.pdf  (795kb)

3 July 2014 Market Reviews

Daily Insight

1H14 State revenues; Liquidity update; Eurobonds fall; Two primary auctions; UAH steady as TWI swings

Banks’ correspondent accounts with the NBU fell UAH1.22bn to UAH28.51bn yesterday as the NBU absorbed these funds and increased its total CDs outstanding by UAH1.27bn to UAH8.82bn. As a result, broade...

ICUDailyInsight-20140703.pdf  (812.1kb)