Page 58 - UKRRptNov19
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MinFin has been trying to squeeze yields lower in the face of strong demand and an increasingly satisifed borrowing programme. From the c.19% yileds on hryvnia denominated bonds at the start of this year interest rates fell on 6-month bonds to 15.65 % as of mid-October, a decrease of 25 basis point on the weekly auction rate a week earlier. 3-year bonds yields were down to 15.42%, a decrease of 20 basis points w/w. Yields are expected to continue falling.
The squeeze is easily visiable in the statistics where the share of foreingers in overall bond holding stalled 12% in August after rising strongly all year.
58 UKRAINE Country Report November 2019 www.intellinews.com
