Liquidity down slightly

Обзор облигаций 15.10.2015 Total CDs outstanding declined UAH1.75bn to UAH59.17bn on Tuesday after the NBU sold UAH9.39bn of new CDs at Monday's tender. Banks' correspondent accounts with the NBU rose only UAH0.84bn on Tuesday to UAH22.84bn. This reallocation and outflows resulted in a UAH0.92bn of banking sector liquidity decline to UAH82.01bn. Investment implications: Due to yesterday's public holiday, 30-day and 3-month CDs were not offered. Because of this, ON or14-day CDs could increase in volume next Wednesday. At the same time, liquidity could see a reallocation of funds with an expected low volatility of the total volume of banking sector liquidity.