Market Surveys

4 March 2014 Market Reviews

Daily Insight

Putin's troops flex their muscles; Liquidity up; YTMs up; UAH remains stable

As the political crisis in Crimea escalates with the possible beginning of a Russian military invasion of Ukraine, YTMs of Ukrainian Eurobonds rose significantly. As a result, YTMs jumped significantl...

ICUDailyInsight-20140304.pdf  (714.8kb)

3 March 2014 Market Reviews

Daily Insight

Liquidity down, rates up; YTMs down; Auction schedule; Kremlin aggression; NBU adds more controls

After harboring the now fugitive former president Yanukovych, Russian president Putin has threatened Ukraine with potential military aggression. Over the past several days, Russian troops have gathere...

ICUDailyInsight-20140303.pdf  (769.2kb)

28 February 2014 Market Reviews

Daily Insight

Liquidity up; YTMs diverge; Emergency auction financing; UAH rebound

Banks’ correspondent accounts with the NBU rose UAH0.89bn to UAH27.90bn yesterday despite the UAH1.65bn increase in total CDs outstanding to UAH3.62bn. Total local-currency debt repayments scheduled f...

ICUDailyInsight-20140228.pdf  (799.8kb)

27 February 2014 Market Reviews

Daily Insight

Liquidity up; Ukrainian Eurobond YTMs slightly diverge; UAH in near free-fall

The MoF held an additional primary auction yesterday which was quite unexpected after Tuesday’s auction was canceled. The Mof offered two 5-year bonds, only one of which received a single bid for UAH1...

ICUDailyInsight-20140227.pdf  (797.9kb)

26 February 2014 Market Reviews

Daily Insight

Liquidity up; YTMs increase; UAH nosedives

Banks’ correspondent accounts with the NBU significantly rose UAH4.42bn to UAH26.95bn, while the NBU’s inflows on Monday were significantly lower, as total CDs outstanding declined UAH0.75bn to UAH0.0...

ICUDailyInsight-20140226.pdf  (801.6kb)

25 February 2014 Market Reviews

Daily Insight

Liquidity down; Eurobonds rally; Maidan update, backed by Pinchuk; UAH declines to USD 9.35

The Verhovna Rada (VR), Ukraine's parliament, has just accepted the resignation of NBU chairman Ihor Sorkin, someone perceived as being close to ousted president Yanukovych. Stepan Kubiv, a 51-year ol...

ICUDailyInsight-20140225.pdf  (771kb)

24 February 2014 Market Reviews

Daily Insight

YTMs decline, Ukraine political crisis: Closing in on a resolution

After the Ukrainian Parliament made concrete headway to resolving the political crisis on Friday, S&P downgraded Ukraine from CCC+ to CCC with a negative outlook on the worsening political situation a...

ICUDailyInsight-20140224.pdf  (711.8kb)

21 February 2014 Market Reviews

Daily Insight

Ukraine on the brink: Death toll on the rise; YTMs decline

Yesterday was supposed to be an official day of mourning for those who lost their lives earlier this week. A ceasefire had been reached between the opposition and Yanukovych, which started from late n...

ICUDailyInsight-20140221.pdf  (750.3kb)