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27 февраля 2015 Market Reviews

Daily Insight

UAH at new low

Only a few hours after implementing the new regulation adopted prior to the opening of Wednesday's trading session, the regulation was canceled immediately following, high level official talks between ...

ICUDailyInsight-20150227.pdf  (773.4kb)

26 февраля 2015 Market Reviews

Daily Insight

NBU intervenes in UAH FX market

Following Tuesday's freefall in the hryvnia's FX rate, yesterday morning the NBU enacted new regulations of FX market operations that halted importers’ bids for FX for few days. This effectively made ...

ICUDailyInsight-20150226.pdf  (771.2kb)

25 февраля 2015 Market Reviews

Daily Insight

UAH extends freefall

As the run on currency continued for the second day, the hryvnia hit an intraday low of 35/USD. The low volume confirmed unsatisfied demand for foreign currency. In our view, it is massively oversold. ...

ICUDailyInsight-20150225.pdf  (759.2kb)

25 февраля 2015 Market Reviews

Bond Market Insight

Insufficient financing

Yesterday’s primary auction attracted little demand and no NBU support. The MoF received and accepted, despite the paltry size, the sole bid for UAH18.79m (par value) at 16.70% for the 2-year local cu ...

ICUDebtInsight-20150225.pdf  (332.6kb)

24 февраля 2015 Market Reviews

Daily Insight

Hryvnia at new distressed low

The hyvnia abruptly dropped 10% at the FX market open yesterday, hitting a midday low of 31/USD, before the NBU announced new administrative measures to stop the freefall. Measures include banning bus ...

ICUDailyInsight-20150224.pdf  (777.5kb)

24 февраля 2015 Market Reviews

Bond Market Insight

Незначительное финансирование

Сегодняшний аукцион, скорее всего, прошел без поддержки в виде отечественного QE со стороны Национального банка, поскольку спрос составил незначительные объёмы в сравнении с текущими выплатами и вероя ...

ICUDebtInsight-20150224-Rus.pdf  (446.9kb)

23 февраля 2015 Market Reviews

Daily Insight

Minsk agreement in shambles

After a ceasefire agreement that did not survive a couple of days, a threat of terrorism across Ukraine has emerged. At midday on Sunday, three people were killed and up to ten were hospitalized after ...

ICUDailyInsight-20150223.pdf  (774kb)

20 февраля 2015 Market Reviews

Daily Insight

UAH under pressure as Minsk 2 is disregarded

Political risk escalated in the wake of the second failed Minsk ceasefire agreement after pro-Russian militants forced Ukraine's army to retreat from the Debaltseve rail hub. This violation of Minsk 2 ...

ICUDailyInsight-20150220.pdf  (752.2kb)