11 September 2014 Market Reviews

Daily Insight

YTMs increase; UAH stays at 13/USD

Broader banking sector liquidity slightly rose yesterday on fund reallocations. The broader indicator rose UAH0.27bn to UAH49.24bn while banks’ correspondent accounts with the NBU recovered UAH0.73bn ...

ICUDailyInsight-20140911.pdf  (784.1kb)

10 September 2014 Market Reviews

Daily Insight

Failed primary auction; UAH holds steady

Banks’ correspondent accounts with the NBU declined slightly UAH0.64bn to UAH29.02bn yesterday as the NBU absorbed some funds via CDs, increased total CDs outstanding UAH0.85bn to UAH13.23bn. At the s ...

ICUDailyInsight-20140910.pdf  (776.3kb)

9 September 2014 Market Reviews

Daily Insight

Liquidity down; Govt bond acution announced

Per the schedule, the MoF today will offer only the 2-year bond maturing in August 2016. Last sold in two previously held auctions, one in August and the other last week at which the MoF decreased the ...

ICUDailyInsight-20140909.pdf  (718.5kb)

8 September 2014 Market Reviews

Daily Insight

Highly fragile ceasefire holding

Over the weekend in Donbass, pro-Kremlin militants, allegedly supported by the Russian army, made numerous attempts to elicit counterattacks from the Ukrainian army to cause the fragile ceasefire to b ...

ICUDailyInsight-20140908.pdf  (775.3kb)

8 September 2014 Market Reviews

Bond Market Insight

Military bonds re-opening

The MoF sold UAH21.25m (par value) “military” bonds last Thursday at the standard 7.00% rate. While these bonds have not been offered in three weeks, yesterday’s auction was not very active and attrac ...

ICUDebtInsight-20140908.pdf  (345kb)

5 September 2014 Market Reviews

Daily Insight

Scepticism over Minsk peace talks

The reconvened peace talks in Minsk are unlikely to result in a lasting accord today. Although leaders of the pro-Kremlin militants who have fortified the Donbass region with the help of Russian regul ...

ICUDailyInsight-20140905.pdf  (793.5kb)

4 September 2014 Market Reviews

Daily Insight

Liquidity recovers; Eurobond YTMs down

Broader banking sector liquidity rose further to UAH50.0bn yesterday, up UAH1.46bn to UAH49.00bn, after banks’ correspondent accounts with the NBU rose UAH1.86bn to UAH31.75bn. Total CDs outstanding s ...

ICUDailyInsight-20140904.pdf  (745.7kb)

4 September 2014 Market Reviews

Bond Market Insight

Low demand and yields decline

After two failed auctions last week, the MoF offered only one 2-year bond on Tuesday. The interest rate decreased slightly as a sole bid for a paltry UAH12.00m was filled. This single bid sub ...

ICUDebtInsight-20140904.pdf  (291.7kb)