7 March 2014 Market Reviews

Daily Insight

Liquidity volatile; YTMs diverge; Primary auction news; Prices in February; UAH stays put

After a significant increase in banks’ correspondent accounts with the NBU, this indicator fell yesterday close at Tuesday’s level, down UAH3.21bn to UAH25.04bn. Total CDs outstanding slid UAH0.13bn t...

ICUDailyInsight-20140307.pdf  (813.5kb)

6 March 2014 Market Reviews

Daily Insight

Liquidity up in NBU inflows; YTMs down slightly; Possible Ukrainian debt restructuring in future; UAH remains relatively steady

Liquidity injections from the NBU caused a significant increase in banking sector liquidity. The NBU purchased UAH1.50bn of government bonds from the banks’ portfolio, issued UAH0.18bn more of ON loan...

ICUDailyInsight-20140306.pdf  (816.4kb)

5 March 2014 Market Reviews

Daily Insight

Liquidity update; YTMs rebound; Auction results; UAH strengthens

Broader banking sector liquidity declined just UAH0.02bn to UAH35.53bn yesterday after banks’ correspondent accounts with the NBU fell UAH1.94bn to UAH24.97bn while the NBU increased total CDs outstan...

ICUDailyInsight-20140305.pdf  (807.8kb)

4 March 2014 Market Reviews

Daily Insight

Putin's troops flex their muscles; Liquidity up; YTMs up; UAH remains stable

As the political crisis in Crimea escalates with the possible beginning of a Russian military invasion of Ukraine, YTMs of Ukrainian Eurobonds rose significantly. As a result, YTMs jumped significantl...

ICUDailyInsight-20140304.pdf  (714.8kb)

3 March 2014 Market Reviews

Daily Insight

Liquidity down, rates up; YTMs down; Auction schedule; Kremlin aggression; NBU adds more controls

After harboring the now fugitive former president Yanukovych, Russian president Putin has threatened Ukraine with potential military aggression. Over the past several days, Russian troops have gathere...

ICUDailyInsight-20140303.pdf  (769.2kb)

28 February 2014 Market Reviews

Daily Insight

Liquidity up; YTMs diverge; Emergency auction financing; UAH rebound

Banks’ correspondent accounts with the NBU rose UAH0.89bn to UAH27.90bn yesterday despite the UAH1.65bn increase in total CDs outstanding to UAH3.62bn. Total local-currency debt repayments scheduled f...

ICUDailyInsight-20140228.pdf  (799.8kb)

27 February 2014 Market Reviews

Daily Insight

Liquidity up; Ukrainian Eurobond YTMs slightly diverge; UAH in near free-fall

The MoF held an additional primary auction yesterday which was quite unexpected after Tuesday’s auction was canceled. The Mof offered two 5-year bonds, only one of which received a single bid for UAH1...

ICUDailyInsight-20140227.pdf  (797.9kb)

26 February 2014 Market Reviews

Daily Insight

Liquidity up; YTMs increase; UAH nosedives

Banks’ correspondent accounts with the NBU significantly rose UAH4.42bn to UAH26.95bn, while the NBU’s inflows on Monday were significantly lower, as total CDs outstanding declined UAH0.75bn to UAH0.0...

ICUDailyInsight-20140226.pdf  (801.6kb)