ICU - Bond Market Insight -- Budget receives new funds

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ICU

Research Team

Bond Market Insight -- Budget receives new funds

Since there are no debt redemptions today, all funds from yesterday's auction are new investments in local-currency bills. Demand, and, therefore, proceeds were low. However, there were bids for all offered maturities, and the MoF had some maneuver room in setting rates.

26/02/2020 5 EN

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ICU

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Other Reports from ICU

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Yesterday's auction received UAH9.4bn of demand, mainly for 12-month bills, but also strong demand for two- and three-year securities. Proceeds for the state budget amounted to almost UAH7.6bn. The MoF decreased interest rates for 12-month paper only.

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Taras Kotovych

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Bond Market Insight -- Budget receives new funds

Bond Market Insight -- Bond market waits for NBU to cut rates

Macro Update -- Macro Risks Remain Manageable

Weekly Insight -- NBU does not prevent hryvnia weakening

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