Bonds: Slight reallocation of liquidity

Bonds: Slight reallocation of liquidity



31 жовтня 2014 года
ICU

Broader banking sector liquidity slightly rose UAH0.23bn to UAH48.95bn yesterday as banks' correspondent accounts with the NBU rose UAH0.18bn to UAH26.14bn and total CDs outstanding increased UAH0.88bn to UAH17.79bn. Total local currency debt repayments scheduled for the next 30 days declined UAH0.83bn to UAH5.03bn yesterday following Wednesday's debt redemption. KyivPrime interest rates continued to rise yesterday, most likely in anticipation of liquidity declining further and no NBU support. The KyivPrime ON interest rate rose 48bp to 9.38% and the KyivPrime 1M interest rate rose 15bp to 16.50%.

Investment implications: The MoF refinanced debt repayments made on Wednesday, most likely with NBU support. This time, the MoF injected some real liquidity, and the funds quite likely were invested in NBU ON CDs on Wednesday and could have been used for tax payments yesterday.

Источник: ICU

Другие обзоры облигаций от ICU


Компании

все компании