Bonds: Banking sector liquidity: significant increase in CDs

Bonds: Banking sector liquidity: significant increase in CDs



29 жовтня 2014 года
ICU

The NBU sold a significant volume of ON CDs on Monday, increasing total CDs outstanding yesterday morning by UAH2.33bn to UAH14.62bn. Banks' correspondent accounts with the NBU declined UAH1.22bn to UAH26.96bn and total local currency debt repayments scheduled for the next 30 days rose UAH0.61bn to UAH5.85bn. As a result, broader banking sector liquidity increased UAH1.72bn to UAH47.43bn. KyivPrime interest rates declined as the KyivPrime ON interest rate fell 33bp to 8.67% and KyivPrime 1M interest rate fell 58bp to 15.92%.

Investment implications: Although the NBU absorbed extra liquidity on Monday, today's indicators could be lower as calculations are based on data published the previous day. Due to higher demand for FX and month-end tax payments, combined with no NBU support yesterday, liquidity should decline today.

Источник: ICU

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