Liquidity stable with reallocation

Обзор облигаций 06.04.2016 Banking sector liquidity remains steady following a slight decline of UAH0.05bn to UAH101.76bn yesterday. Total CDs outstanding fell UAH0.90bn to UAH64.88bn while banks' correspondent accounts with the NBU rose UAH0.85bn to UAH36.88bn. Investment implications: This slight reallocation possibly was in preparation for yesterday's primary auction and/or on outflows on large contracts which are usually made at the beginning of the month.