Liquidity reallocation

Обзор облигаций 16.12.2014 Banks' correspondent accounts with the NBU rose UAH1.48bn to UAH33.53bn yesterday as total CDs outstanding fell UAH1.54bn to UAH11.87bn and total debt repayments scheduled for the next 30 days remained steady at UAH4.99bn. As a result, broader banking sector liquidity was largely unchanged, down UAH0.06bn to UAH52.19bn. KyivPrime interest rates slightly diverged: the KyivPrime ON interest rate slid 15bp to 15.60% while the KyivPrime 1M interest rate rose 10bp to 19.10%. Investment implications: The NBU repaid UAH1.54bn in CD redemptions, did not increase ON loans for banks.