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)

7 July 2014 Market Reviews

Daily Insight

Liquidity up; Eurobonds volatile; Ukrainian army advances in Donbass; Hryvnia strengthens

Over the weekend, Ukraine's army advanced in some key urban centers of Donbass, freeing small cities like Sloviansk from pro-Kremlin militants who fled to the larger cities of Donbass, namely Donetsk ...

ICUDailyInsight-20140707.pdf  (794.5kb)

4 July 2014 Market Reviews

Daily Insight

Liquidity up; Eurobonds down; Third auction held UAH's real rate up

Broader banking sector liquidity rose a slight UAH0.20bn to UAH43.07bn yesterday as banks’ correspondent accounts with the NBU recovered UAH1.28bn to UAH29.78bn and the NBU increased total CDs outstan...

ICUDailyInsight-20140704.pdf  (795kb)

3 July 2014 Market Reviews

Daily Insight

1H14 State revenues; Liquidity update; Eurobonds fall; Two primary auctions; UAH steady as TWI swings

Banks’ correspondent accounts with the NBU fell UAH1.22bn to UAH28.51bn yesterday as the NBU absorbed these funds and increased its total CDs outstanding by UAH1.27bn to UAH8.82bn. As a result, broade...

ICUDailyInsight-20140703.pdf  (812.1kb)

2 July 2014 Market Reviews

Daily Insight

Update on Donbass; Liquidity and YTMs up on volatility; July Auction schedule; UAH's TWI declines

Broader banking sector liquidity rose UAH0.66bn to UAH42.80bn due only to a UAH1.99bn increase in total local currency debt repayments scheduled for the next 30 days to UAH5.53bn yesterday. While bank...

ICUDailyInsight-20140702.pdf  (805.7kb)

1 July 2014 Market Reviews

Daily Insight

Donbass fighting continues; Liquidity stable; Yields rise; UAH steady, TWI up

Following the conclusion of the cease-fire last night, President Poroshenko resumed anti-terrorist operations that were suspended nearly a week ago for the agreed upon peace talks. During the cease fi...

ICUDailyInsight-20140701.pdf  (663.1kb)