27 January 2016 Market Reviews

Daily Insight

Yield curve not U-shaped

This week, the MoF continued to extend its yield curve as it sold 9-month and 1.5-year bonds. In addition to offering this year's previous auctions' 12-month and 2-year bonds, yesterday's two new yiel ...

ICUDailyInsight-20160127.pdf  (667.1kb)

27 January 2016 Market Reviews

Bond Market Insight

Lowering budget proceeds

Continuing last week's building of the primary market yield curve, the MoF sold 9-month and 1.5-year bonds yesterday. As the interest rates decreased, the MoF also decreased the amount of budget proce ...

ICUDebtInsight-20160127.pdf  (294.9kb)

27 January 2016 Market Reviews

Bond Market Insight

Кривая продлена до трёх лет

Завершая январские размещения ОВГЗ Минфин практически полностью выстроил кривую доходности первичного рынка, что, скорее всего, и ставил себе задачей первого квартала. На первичном рынке выстроена кри ...

ICUDebtInsight-20160127-Rus.pdf  (458.5kb)

26 January 2016 Market Reviews

Daily Insight

Liquidity reallocated to CDs

This week began with a liquidity increase of a slight UAH0.39bn to UAH119.20bn and a significant reallocation of funds from banks' accounts to CDs. Banks' correspondent accounts with the NBU fell UAH ...

ICUDailyInsight-20160126.pdf  (661.2kb)

26 January 2016 Market Reviews

Bond Market Insight

Уменьшение объёмов привлечений

Продолжая построение кривой доходности первичного Рынка, Минфин сегодня разместил 9-месячные и полуторалетние облигации, однако добившись снижения уровня доходности этих размещений для бюджета, объёмы ...

ICUDebtInsight-20160126-Rus.pdf  (464.9kb)

25 January 2016 Market Reviews

Daily Insight

Primary auction announcement

Last Friday, the MoF announced an offering set for tomorrow of four new bond issues with maturities from six months to 1.5 years. There will be three zero-coupon bonds: a 6-month bond with redemption ...

ICUDailyInsight-20160125.pdf  (660kb)

22 January 2016 Market Reviews

Daily Insight

Liquidity reallocation

Banks' correspondent accounts with the NBU increased UAH7.44bn to UAH48.73bn yesterday, setting a new high, while total CDs outstanding fell UAH7.12bn to UAH70.38bn. With this reallocation of funds, b ...

ICUDailyInsight-20160122.pdf  (709.3kb)

21 January 2016 Market Reviews

Daily Insight

Liquidity declines due to loan repayments

Banking sector liquidity declined UAH2.34bn to UAH118.78bn yesterday as banks' correspondent accounts with the NBU increased a slight UAH0.25bn to UAH41.28bn yesterday while total CDs outstanding fell ...

ICUDailyInsight-20160121.pdf  (673.3kb)