ICU - Bond Market Insight -- Demand influences rates

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ICU

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Taras Kotovych

Bond Market Insight -- Demand influences rates

Yesterday, as expected, demand was concentrated in the six-year notes, allowing the MoF to finance the budget with about UAH7.5bn, including UAH6.7bn from local-currency instruments. Most likely, much of this demand was from foreign investors.

26/06/2019 1 EN

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ICU

ICU IS A FINANCIAL SERVICES GROUP PROVIDING SECURITIES TRADING, INVESTMENT BANKING AND ASSET MANAGEMENT FOR PRIVATE AND INSTITUTIONAL INVESTORS.

More information about ICU you can find at https://www.icu.ua/

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Analysts

Research Team

Taras Kotovych

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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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Bond Market Insight -- Demand influences rates

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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