3 March 2015 Market Reviews

Daily Insight

MPs adopt laws required by the IMF

Parliament worked late hours yesterday to adopt a number of laws required to obtain IMF funding later this month. These included legislation on Naftogas, the state pension fund, and the state budget. ...

ICUDailyInsight-20150303.pdf  (734.1kb)

3 March 2015 Market Reviews

Bond Market Insight

Рынку не интересны новые ОВГЗ

Сегодня Минфин предлагал единственную гривневую облигацию со сроком обращения немногим менее двух лет. Ранее Минфин разместил за несколько аукционов 42.50 млн гривень этих облигаций. Однако сегодня сп ...

ICUDebtInsight-20150303-Rus.pdf  (415.5kb)

2 March 2015 Market Reviews

Daily Insight

Hryvnia at 30/USD

On Friday, the hryvnia stabilized at 30/USD on low volumes after tumbling by a huge 70.85% over the last month as prices for consumer goods are being revalued up at shops and supermarkets. As Ukraine' ...

ICUDailyInsight-20150302.pdf  (771.6kb)

27 February 2015 Market Reviews

Daily Insight

UAH at new low

Only a few hours after implementing the new regulation adopted prior to the opening of Wednesday's trading session, the regulation was canceled immediately following, high level official talks between ...

ICUDailyInsight-20150227.pdf  (773.4kb)

26 February 2015 Market Reviews

Daily Insight

NBU intervenes in UAH FX market

Following Tuesday's freefall in the hryvnia's FX rate, yesterday morning the NBU enacted new regulations of FX market operations that halted importers’ bids for FX for few days. This effectively made ...

ICUDailyInsight-20150226.pdf  (771.2kb)

25 February 2015 Market Reviews

Daily Insight

UAH extends freefall

As the run on currency continued for the second day, the hryvnia hit an intraday low of 35/USD. The low volume confirmed unsatisfied demand for foreign currency. In our view, it is massively oversold. ...

ICUDailyInsight-20150225.pdf  (759.2kb)

25 February 2015 Market Reviews

Bond Market Insight

Insufficient financing

Yesterday’s primary auction attracted little demand and no NBU support. The MoF received and accepted, despite the paltry size, the sole bid for UAH18.79m (par value) at 16.70% for the 2-year local cu ...

ICUDebtInsight-20150225.pdf  (332.6kb)

24 February 2015 Market Reviews

Daily Insight

Hryvnia at new distressed low

The hyvnia abruptly dropped 10% at the FX market open yesterday, hitting a midday low of 31/USD, before the NBU announced new administrative measures to stop the freefall. Measures include banning bus ...

ICUDailyInsight-20150224.pdf  (777.5kb)