Liquidity reallocation

Liquidity reallocation



21 квітня 2015 года
ICU

The NBU continued to absorb extra liquidity as it increased total CDs outstanding by UAH0.87bn to UAH22.00bn yesterday while banks' correspondent accounts with the NBU slid UAH0.16bn to UAH27.57bn and total local currency debt repayments scheduled for the next 30 days remained steady at UAH9.74bn. As a result, broader banking sector liquidity rose UAH0.71bn to UAH59.31bn. KyivPrime interest rates slightly diverged: the KyivPrime ON interest rate remained steady at 22.50% while the KyivPrime 1M interest rate slid 38bp to 28.00%.

Investment implications: Banking sector liquidity remained relatively unchanged as a small volume of funds were reallocated to CDs from banks' correspondent accounts with the NBU. Broader liquidity indicators slightly rose yesterday and could increase further if the bulk of month-end tax payments are paid next week rather than this week. Broader banking sector liquidity could increase above UAH60.0bn this week, albeit briefly and temporarily.

Источник: ICU

Другие обзоры облигаций от ICU


Компании

все компании