Bonds: Banking sector liquidity increases slightly

Bonds: Banking sector liquidity increases slightly



17 жовтня 2014 года
ICU

Broader banking sector liquidity continued to recover yesterday. Banks' correspondent accounts with the NBU rose UAH1.24bn to UAH31.20bn and total CDs outstanding rose UAH0.23bn to UAH14.05bn. Total local currency debt repayments scheduled for the next 30 days declined UAH0.86bn to UAH5.85bn. As a result, broader banking sector liquidity rose a mere UAH0.61bn to UAH51.11bn. KyivPrime interest rates slightly diverged: the KyivPrime ON interest rate slid 12bp to 9.63% while the KyivPrime 1M interest rate rose 13bp to 15.88%.

Investment implications: This Wednesday, the MoF repaid UAH0.86bn in local currency which, rather than being spent immediately, was just reallocated from one indicator to another. The NBU did not change its support significantly, as it increased loans just UAH0.02bn to UAH0.16bn, of which UAH0.10bn was extended to 13 days. As the MoF sold UAH1.0bn of new bonds yesterday, liquidity could decline by that amount today.

Источник: ICU

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