13 July 2016 Market Reviews

Bond Market Insight

Interest rates to decline slowly

Similar to the last auction, market player demand for bonds has been less competitive to decrease interest rates, as they instead prefer non-competitive bids, thus causing rates to decline much more s ...

ICUDebtInsight-20160713.pdf  (344kb)

12 July 2016 Market Reviews

Daily Insight

Share capital up, insider lending down

In June, regulatory capital rose by UAH2.4bn, or 1.9% MoM, as the result of a capital injection and positive P&L dynamics. The simultaneous 1.9% MoM decline of risk-weighted assets caused the regulato ...

ICUDailyInsight-20160712.pdf  (594.5kb)

12 July 2016 Market Reviews

Bond Market Insight

Неспешное снижение ставок

Второй аукцион подряд участники рынка не спешат конкурировать за ставки, отдавая предпочтение неконкурентным заявкам, что выражается в постепенном, но незначительном снижении ставок по ОВГЗ на первичн ...

ICUDebtInsight-20160712-Rus.pdf  (462.6kb)

8 July 2016 Market Reviews

Daily Insight

Expected decline

As is routine at the end of the first week of the month, banking sector liquidity declined UAH2.14bn to UAH95.58bn as banks’ correspondent accounts with the NBU fell UAH1.37bn to UAH37.80bn and total ...

ICUDailyInsight-20160708.pdf  (762.5kb)

7 July 2016 Market Reviews

Daily Insight

Liquidity recovers

Without significant inflows from the NBU via FX auctions or loans, banking sector liquidity recovered UAH1.92bn to UAH97.72bn yesterday. Banks’ correspondent accounts with the NBU increased UAH1.74bn ...

ICUDailyInsight-20160707.pdf  (763.3kb)

6 July 2016 Market Reviews

Daily Insight

Liquidity steady

Banking sector liquidity slid UAH0.07bn to UAH95.80bn yesterday, maintaining the balance at UAH95bn since the beginning of the month. The NBU provided less than UAH0.50bn of funds via the FX auction o ...

ICUDailyInsight-20160706.pdf  (648.6kb)

6 July 2016 Market Reviews

Bond Market Insight

Non-competitive bids dominate

After the NBU decreased its key interest rate at the end of June, with even lower interest rates at the auction being uncertain, investor demand at yesterday's auction was tepid at best. It appears th ...

ICUDebtInsight-20160706.pdf  (346.4kb)

5 July 2016 Market Reviews

Daily Insight

Auction schedule update

The MoF updated its auctions schedule yesterday as it replaced some offerings of 3-year bonds with 5-year bonds which will be offered in 3Q16 four times. 5-year bonds were sold twice this year in June ...

ICUDailyInsight-20160705.pdf  (651.4kb)