24 February 2015 Market Reviews

Bond Market Insight

Незначительное финансирование

Сегодняшний аукцион, скорее всего, прошел без поддержки в виде отечественного QE со стороны Национального банка, поскольку спрос составил незначительные объёмы в сравнении с текущими выплатами и вероя ...

ICUDebtInsight-20150224-Rus.pdf  (446.9kb)

23 February 2015 Market Reviews

Daily Insight

Minsk agreement in shambles

After a ceasefire agreement that did not survive a couple of days, a threat of terrorism across Ukraine has emerged. At midday on Sunday, three people were killed and up to ten were hospitalized after ...

ICUDailyInsight-20150223.pdf  (774kb)

20 February 2015 Market Reviews

Daily Insight

UAH under pressure as Minsk 2 is disregarded

Political risk escalated in the wake of the second failed Minsk ceasefire agreement after pro-Russian militants forced Ukraine's army to retreat from the Debaltseve rail hub. This violation of Minsk 2 ...

ICUDailyInsight-20150220.pdf  (752.2kb)

19 February 2015 Market Reviews

Daily Insight

Monthly data point to extended contraction

January's data on several more key economic sectors showed industrial production down a significant ...

ICUDailyInsight-20150219.pdf  (767.1kb)

19 February 2015 Market Reviews

Bond Market Insight

Additional financing in FX

Although on Tuesday the MoF refinanced all domestic FX debt repayments scheduled through the end of February, it held an unscheduled primary auction yesterday and sold an additional US$40.25m of USD-d ...

ICUDebtInsight-20150219.pdf  (332.6kb)

18 February 2015 Market Reviews

Daily Insight

Preliminary reading of 4Q real GDP

The official headline 4Q real GDP contracted 15.2% YoY and down 3.8% from the previous quarter in seasonally adjusted terms. Details will be published in the future. This information implied a 6.7% Yo ...

ICUDailyInsight-20150218.pdf  (776.7kb)

18 February 2015 Market Reviews

Bond Market Insight

FX-denominated repayments refinancing

The MoF last week repaid the largest domestic debt repayment denominated in FX since the year beginning and scheduled for 1Q15. This repayment was mostly refinanced at the beginning of the month via s ...

ICUDebtInsight-20150218.pdf  (335.4kb)

18 February 2015 Market Reviews

Bond Market Insight

Рефинансирование валютных выплат

Несмотря на то, что поступлений от вчерашнего аукциона достаточно для покрытия внутренних выплат в валюте до конца месяца, сегодня Минфин провёл ещё один дополнительный аукцион и разместил 40.25 млн д ...

ICUDebtInsight-20150218-Rus.pdf  (427.9kb)