2 February 2016 Market Reviews

Bond Market Insight

Рынок предпочёл валютные ОВГЗ

Смягчение валютных ограничений закончит своё действие в начале марта, а следующее размещение валютных ОВГЗ запланировано на 22 марта, и, используя, скорее всего, последний шанс купить на первичных раз ...

ICUDebtInsight-20160202-Rus.pdf  (465.3kb)

1 February 2016 Market Reviews

Daily Insight

Liquidity decline accelerates

Last Friday's indicators show that the decline in liquidity is accelerating as banking sector liquidity fell UAH1.19bn to UAH116.60bn. As a reminder, last Thursday liquidity declined UAH0.75bn and the ...

ICUDailyInsight-20160201.pdf  (667.7kb)

29 January 2016 Market Reviews

Daily Insight

Bonds redemption has impact on portfolios

On Wednesday, the MoF repaid US$321.9m in FX-denominated domestic bonds which were sold at the primary market three years ago. According the NBU's data on bondholders' portfolios, these bonds were hel ...

ICUDailyInsight-20160129.pdf  (686.7kb)

28 January 2016 Market Reviews

Daily Insight

Oschad and Ukreximbank to be recapitalized

Oschad and Ukreximbank to be recapitalized in 2016 The share capital of Oschadbank will be increased by UAH4.96bn (16.6%) and that of Ukreximabank by UHA9.32bn (43.0%), Ukraine’s Prime Minister annou ...

ICUDailyInsight-20160128.pdf  (720.9kb)

28 January 2016 Market Reviews

Bond Market Insight

Yield curve extends to 3-year maturity

At the last auction scheduled for January, the MoF mostly finalized the development of the primary market yield curve, achieving quite possibly its main goal for 1Q16. The yield curve was built for a ...

ICUDebtInsight-20160128.pdf  (292.4kb)

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)