24 March 2016 Market Reviews

Bond Market Insight

All bids accepted

Auctions of mid-term bond offerings are more active than those of zero-coupon short-term bonds, as the 19.5-20.0% rates on the 1.5-year to 3.0-year bonds are much higher than those for zero-coupon bon ...

ICUDebtInsight-20160324.pdf  (292.2kb)

23 March 2016 Market Reviews

Daily Insight

Liquidity down slightly

Banking sector liquidity declined slightly after a few days of recovering, down UAH0.61bn to UAH97.57bn, with a significant reallocation from banks’ accounts to CDs. Banks’ correspondent accounts with ...

ICUDailyInsight-20160323.pdf  (777.8kb)

23 March 2016 Market Reviews

Bond Market Insight

Bonds sold inside the limit

After restarting primary auctions in January, the MoF established the limits for each local currency bond offered every Tuesday during January and February at UAH100m and during March at UAH50m. Howev ...

ICUDebtInsight-20160323.pdf  (292.1kb)

23 March 2016 Market Reviews

Bond Market Insight

Минфин удовлетворил весь спрос

Размещения среднесрочных облигаций проходят привычно с немного большим количеством заявок и объёмом спроса, чем краткосрочные ОВГЗ, что, скорее всего, связано с более высоким уровнем их доходности, че ...

ICUDebtInsight-20160323-Rus.pdf  (459.8kb)

22 March 2016 Market Reviews

Daily Insight

Liquidity concentrates at banks’ accounts

Over the past two days, liquidity was reallocated to banks’ correspondent accounts, up UAH2.00bn to UAH42.02bn yesterday, while total CDs outstanding declined UAH1.77bn to UAH56.16bn. As a result, ba ...

ICUDailyInsight-20160322.pdf  (772.2kb)

22 March 2016 Market Reviews

Bond Market Insight

ОВГЗ проданы в рамках лимита

Возобновляя первичные размещения Минфин определил что в январе и феврале объёмы размещений по вторникам будут ограничены на уровне 100 млн гривень, а в марте в сумме 50 млн гривень. Однако, только в н ...

ICUDebtInsight-20160322-Rus.pdf  (459.2kb)

21 March 2016 Market Reviews

Daily Insight

Liquidity reallocation

This week, liquidity is likely to decline further and reallocations should continue, albeit briefly, as month-end tax payments begin. The accumulation of funds for tax payments could cause liquidity t ...

ICUDailyInsight-20160321.pdf  (673.5kb)

18 March 2016 Market Reviews

Daily Insight

Insignificant interest rate movement

The NBU sold on Wednesday UAH12.15bn of CDs, including UAH2.00bn in new 30-days CDs sold to 20 banks. The NBU set its cut-off interest rate at 20.32%, and the weighted average interest rate was 20.25% ...

ICUDailyInsight-20160318.pdf  (678.9kb)