NBU continues to support liquidity

Обзор облигаций 11.12.2014 Broader banking sector liquidity rose UAH0.84bn to UAH49.91bn yesterday as banks' correspondent accounts with the NBU increased UAH0.22bn to UAH29.97bn and total CDs outstanding rose UAH0.62bn to UAH14.20bn. Total debt repayments scheduled for the next 30 days remained steady at UAH5.74bn. KyivPrime interest rates once more rose: the KyivPrime ON interest rate rose 80bp to 14.80% while the KyivPrime 1M interest rate rose 37bp to 19.00%. Investment implications: The NBU purchased UAH1.50bn on Tuesday, equal to the amount of new government bonds banks purchased at the primary auction. As the NBU also increased the volume of ON loans by UAH0.95bn to UAH2.50bn, liquidity should increase slightly more.