Bonds: Liquidity declines

Bonds: Liquidity declines



20 жовтня 2014 года
ICU

Broader banking sector liquidity fell significantly last Friday despite NBU support. Banks' correspondent accounts with the NBU fell UAH1.44bn to UAH29.76bn and total CDs outstanding fell UAH2.53bn to UAH11.53bn. Total local currency debt repayments scheduled for the next 30 days remained steady at UAH5.85bn. As a result, broader banking sector liquidity fell UAH3.96bn to UAH47.15bn. KyivPrime interest rates slightly rose: the KyivPrime ON interest rate was up 12bp to 9.75% while the KyivPrime 1M interest rate increased 37bp to 16.25%.

Investment implications: Liquidity fell despite the UAH 1.00bn in NBU auction funds raises last Thursday and an ON loan increase of UAH0.11bn. The FX market most likely had the most significant impact on liquidity.

Источник: ICU

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