Bonds: Liquidity up significantly

Bonds: Liquidity up significantly



17 вересня 2014 года
ICU

Banking sector liquidity significantly rose yesterday, as the broader indicator rose UAH2.80bn to a new record high of UAH53.79bn not seen since the beginning of 2012. This increase was caused by banks' correspondent accounts with the NBU rising UAH1.04bn to UAH33.44bn, this month's record high. Total CDs outstanding rose UAH0.90bn to UAH13.38bn and total local currency debt repayments scheduled for the next 30 days increased UAH0.86bn to UAH6.97bn yesterday. KyivPrime interest rates declined only slightly yesterday: the KyivPrime ON interest rate slid 8bp to 8.25% while the KyivPrime 1M interest rate declined 33bp to 15.50%, the same level seen last Friday.

Investment implications: Although the liquidity increase was significant, the NBU increased its CDs outstanding on Monday mostly in ON CDs, the volume of which rose UAH0.99bn more than the ON CDs redeemed that day. KyivPrime interest rates remained high, not reacting significantly to the increased liquidity.

Источник: ICU

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