Following the discount rate decrease, Ukrainian bonds’ yield fell as well.
At the first auction, after the NBU decided to lower the discount rate, the Ministry of Finance lowered rates for OVDP by 20-30 basis points. The secondary market also reacted by lowering rates for hryvnia securities, noted the Head of Corporate Analysis at the ICU, Oleksandr Martynenko. He suggests that this is just the beginning and that yields will continue to move downward, leading to increased competition among banks for the instruments offered by the Ministry of Finance. At the