Bond Market Insight -- MoF decreased interest rates
​At yesterday's auction, the MoF decreased interest rates for 2-year and 3-year bonds and rejected a large portion of demand for these bonds. It also rejected all bids for zero-coupon bonds. Ultimately, the MoF rejected about 33% of demand.
Demand for 6-month and 9-month bonds was minimal at UAH11.00m and UAH27.16m, respectively, while 3-month and 1-year bonds attracted no bids. Interest rates yesterday were at the same level as before, at 15.10% and 15.20%, respectively, but the MoF decided to decrease interest rates for longer bonds and rejected these bids.
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