Bonds: Liquidity fund reallocations

Bonds: Liquidity fund reallocations



24 жовтня 2014 года
ICU

Wednesday's deals caused a mere reallocation of funds yesterday. Broader banking sector liquidity increased only UAH0.28bn to UAH48.86bn as banks' correspondent accounts with the NBU slid UAH0.79bn to UAH28.71bn and total local currency debt repayments scheduled for the next 30 days declined UAH1.15bn to UAH5.25bn. Total CDs outstanding rose UAH2.23bn to UAH14.90bn. KyivPrime interest rates slightly rose: the KyivPrime ON interest rate increased 30bp to 9.90% and the KyivPrime 1M interest rate was up 35bp to 16.35%.

Investment implications: The NBU continued to absorb extra liquidity as it increased its CDs outstanding. All funds injected by the MoF and some funds from banks' correspondent accounts with the NBU also were absorbed. At the same time, KyivPrime interest rates continued to increase, indicating high potential for liquidity to decline soon.

Источник: ICU

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