Daily Insight -- Yields decline at primary market
Yesterday, the MoF sold 2-year and 3-year bonds at interest rates as low as those last seen in June 2017. Cut-off rates remained unchanged, but the weighted-average rates fell to the lowest level bids at this auction. For the 2-year bond, the weighted-average rate slid 6bp; for the 3-year, down 4bp. The MoF accepted all bids and received UAH1.21bn of proceeds.
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