ICU - Bond Market Insight -- Interest rates correct

Report

ICU

Research Team

Bond Market Insight -- Interest rates correct

Low demand, concentrated in just one of three offered maturities, resulted in the MoF partially reviewing its interest rate policy. The greatest effect was on weighted-average rates, although cut-off rates were affected too. The budget received just UAH1.5bn of proceeds, which is enough for now.

19/02/2020 5 EN

Provider

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/

See profile

Analysts

Research Team

Other Reports from ICU

Taras Kotovych

Taras Kotovych

Bond Market Insight -- Bond rate reduction on hold

Yesterday, demand at the primary auction did not allow the Ministry of Finance to continue lowering rates or to sell planned volumes of bonds.

April 17, 2024 April 17, 2024 4 EN

Research Team

Research Team

Weekly Insight -- Inflation falls sharply in March

Ukraine’s annual inflation slowed further to 3.2% in March from 4.3% in February, which came as a major surprise.A significant deceleration in consumer prices was largely due to a decline in food prices, which is highly unusual for this time of the year. Prices for food staples declined by 0.2% MoM implying an only marginal growth of 0.2% in YoY terms. A number of significant food basket components were significantly cheaper in YoY terms, namely eggs (-34.3% YoY), sunflower oil (-17.4%), sugar (-13.3%), fruits (-12.2%), and several other items. Price growth also remains weak (or even negative)...

April 15, 2024 April 15, 2024 8 EN

Taras Kotovych

Taras Kotovych

Bond Market Insight -- UAH bond rates decline further

The Ministry of Finance decreased interest rates for two out of three offered UAH bonds yesterday, coming closer to a decrease in three-month NBU CDs interest rates. Yesterday's auction provided the state budget with UAH7.2bn proceeds, including UAH5.4bn in local currency and EUR42.9m. UAH proceeds were lower due to a smaller cap for 12-month bills and lower demand for three-year notes. However, this did not prevent the Ministry from continuing to lower rates for some instruments. Four weeks after the NBU cut its interest rates, interest rates for 12-month bills fell by 70bp, for two-year pap...

April 10, 2024 April 10, 2024 4 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

Bond Market Insight -- Interest rates correct

Bond Market Insight -- Bond rate reduction on hold

Weekly Insight -- Inflation falls sharply in March

Bond Market Insight -- UAH bond rates decline further

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe