Daily Insight -- Non-residents return to bond market
During recent weeks, non-residents significantly increased their government bond portfolio from UAH0.01bn before 16 August to UAH1.73bn on 7 September. Their share at the market rose from zero to 0.25%. This increase in the portfolio was from new bond purchases rather than from buying bonds from other portfolios. Non-residents purchased bonds at all three most recent auctions, causing interest rates at last week's auction to decline.
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