Selling government bonds did not keep the hryvnia from falling on the interbank market

2020-01-23 12:16:14
Machine translation
Selling government bonds did not keep the hryvnia from falling on the interbank market

At yesterday's auction of government bonds in the budget was raised to 6.3 billion, while the demand from buyers exceeds of 12.04 billion. In particular, there were realized 6-month bonds in the amount of 512 million, 1-year of 1.72 billion UAH, 3-year – old- by 4.09 billion with a yield of 10.01-of 10.04%.

 

market Participants were expecting that the day of the auction the dollar traditionally fall due to significant inflow of foreign currency. However, the supply of currency were minor as part of the government bonds buyers purchased at the expense of the hryvnia received from the repayment of previous issues of government bonds. Those who expected depreciation in no hurry to buy the currency, which gradually rose in price. Up to 12 hours and it warmed up the market significantly as sellers-exporters, speculators and the dollar rose to a maximum of 24,4 UAH/$.

 

the national Bank repeatedly on the peak races sold the currency via Matching at 24,45-24,50 UAH/$ to reduce excitement, and overall realized yesterday 40-65 million $.

 

With the morning 24,24/24,28 UAH/$ in late trading, the dollar rose to 24.43/of 24.47 UAH/$ and up, though the NBU has managed to lower the rate to 24.41/24,45 UAH/$.

 

the Recent strengthening of the hryvnia had negative impact on producers and led to reduced exports and increased imports, and, as a result, the currency exchange rate.

 

the Pace of decline in industrial production accelerated. In 2012 it decreased by 0.7%, in 2013 – 4.3% 2014 – 10.1%, in 2015 – 13%. In 2016 provisionsto grew by 2.8% in 2017 0.4% 2018 1.6%. In 2019, the industrial production fell by 1.8%, in particular, the processing industry – by 2%, the supply of electricity, gas, steam and air conditioned – by 4.4%. In December of 2019 in comparison to December 2018, industrial production declined from 7.7%. The calculations of economic development indicate that in the 1st quarter 2020 this decline will continue.

Visitors’ comments (0):