Liquidity rises further

Обзор облигаций 10.11.2014 Broader banking sector liquidity rose UAH2.72bn to UAH52.81bn last Friday as banks' correspondent accounts with the NBU rose UAH2.14bn to UAH33.32bn and total CDs outstanding rose UAH0.58bn to UAH15.10bn. Total local currency debt repayments scheduled for the next 30 days remained steady at UAH4.39bn. KyivPrime interest rates slightly declined last Friday as the KyivPrime ON interest rate slid 12bp to 9.63% and the KyivPrime 1M interest rate fell 25bp to 16.25%. Investment implications: Without significant injections from the NBU, the increase in CDs outstanding was greater than the increase in NBU loans to banks and bonds portfolio.