ICU - Bond Market Insight -- Hryvnia bills favoured

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ICU

Research Team

Bond Market Insight -- Hryvnia bills favoured

Demand for local-currency bills remains high, allowing the MoF to borrow more funds than needed for debt repayments. Foreign investors purchased more than UAH8bn during recent weeks, and yesterday's possible purchases for an additional portion of this instrument could create sufficient impact.

10/04/2019 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.

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Analysts

Research Team

Other Reports from ICU

Taras Kotovych

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.

April 24, 2024 April 24, 2024 4 EN

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April 23, 2024 April 23, 2024 9 EN

Taras Kotovych

Taras Kotovych

Weekly Insight -- NBU does not prevent hryvnia weakening

Last week, hryvnia continued to weaken even though NBU FX interventions were the largest since the beginning of January.The NBU sold US$695m from international reserves last week, the largest volume of interventions in more than three months (a larger amount, US$790m, was last sold in the first week of the year). We estimate the largest volume, approximately US$215m (nearly a third of the weekly volume), was sold last Friday.

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Bond Market Insight -- Hryvnia bills favoured

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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