17 July 2014 Market Reviews

Daily Insight

NBU raises its official rate; UAH trades flat; Liquidity increases slightly; YTMs increase

Citing accelerated inflation as motivation, the NBU increased its official rate from 9.5% to 12.5% yesterday. Officials also stated the progress with the IMF programme and early signs of deposits retu...

ICUDailyInsight-20140717.pdf  (790kb)

16 July 2014 Market Reviews

Daily Insight

Hryvnia resilient; YTMs rise further; Liquidity continues to decline; Auction results

Broader banking sector liquidity slid UAH0.39bn to UAH43.01bn yesterday for the second consecutive day this week. Banks’ correspondent accounts with the NBU fell UAH0.91bn to UAH28.19bn while total CD...

ICUDailyInsight-20140716.pdf  (755.4kb)

15 July 2014 Market Reviews

Daily Insight

Liquidity declines; YTMs increase ; Auction announcement; UAH flat at 11.7/USD, mixed in TWI terms

The UAH traded mostly flat, closing just above 11.7/USD on the new norm of US$300m in less active summer trading. The hryvnia's real trade-weighted index was rather mixed as the Russian ruble decline...

ICUDailyInsight-20140715.pdf  (787.3kb)

14 July 2014 Market Reviews

Daily Insight

Liquidity recovers; Eurobond YTMs decline; Hryvnia continues to trade with low volatility

The hryvnia on Friday closed at __/USD, up/down __% from the previous day, on US$__m in turnover, which is __% of the average daily trading volume of foreign goods (imports plus exports). In 2010-13, ...

ICUDailyInsight-20140714.pdf  (748.5kb)

11 July 2014 Market Reviews

Daily Insight

Liquidity declines; Eurobonds volatile; Hryvnia unchanged

The hryvnia traded flat at 11.73/USD throughout yesterday's session on US$330m in trading. Amidst global risk aversion, the USD index appreciated __%, the Russian ruble slid __%, and the EUR dropped _...

ICUDailyInsight-20140711.pdf  (784.1kb)

10 July 2014 Market Reviews

Daily Insight

YTMs diverge; Liquidity increase; UAH reverses some of its recent gain; Unscheduled primary auction

UAH reverses some of its recent gain The hryvnia weakened from the prior day's close. As the Kremlin has not responded actively to the pro-Russia militants' plea for rescue, the market interprets t...

ICUDailyInsight-20140710.pdf  (797.5kb)

9 July 2014 Market Reviews

Daily Insight

Liquidity continues to decline; Auction results; VAT debut tranche; UAH gaining

The hryvnia appears to be trading higher as it closed up/down ___% yesterday on US$__m in trading. As the Kremlin's warmongering stance appears to have eased back, with Putin not having responded to t...

ICUDailyInsight-20140709.pdf  (754.5kb)

8 July 2014 Market Reviews

Daily Insight

Inflation in June; UAH rises; Liquidity declines slightly; Eurobonds diverge; Auction announcement

Today’s auction follows the original schedule offering four bonds with maturities from three months to five years. The MoF is going to sell the same 3-month bonds that it sold twice last week, re-open...

ICUDailyInsight-20140708.pdf  (759.7kb)