The sovereign opened very briefly higher (+0.5-1pt), bolstered by the weekend’s US aid news, but then trended lower for the rest of the day as more color came in about the IMF’s tough approach to restructuring. Bonds closed 1.5-2pt lower, with maybe a little bit of stability late in the day. Quasi-sovereigns and corporates were broadly unchanged aside from some selling in NAFTO 25.
The KP-Dragon index closed 0.8% higher yesterday. OVO outperformed, up 8.6% to GBp 71 on tiny volume, followed by FXPO (+1.9%), closing at GBp 48 on $0.7m turnover, and AST (+0.5%). KER lost 2.3% to PLN 10 while MHPC dropped by 1.8% on tiny turnover. Looking at stronger European futures, we expect a higher open in Ukrainian names today.
| Ticker | Currency | Bid | Ask | Close | 1D, % |
|---|---|---|---|---|---|
| OVO PW | PLN | 66.0 | 71.0 | 71.0 | 8.6 |
| ENW LN | GBp | 16.0 | 17.0 | 16.5 | 6.5 |
| KSG PW | PLN | 1.48 | 1.52 | 1.52 | 2.0 |
| FXPO LN | GBp | 48.15 | 48.2 | 48.2 | 1.9 |
| AST PW | PLN | 27.7 | 28.0 | 27.95 | 0.5 |
| Ticker | Currency | Bid | Ask | Close | 1D, % |
|---|---|---|---|---|---|
| KER PW | PLN | 10.08 | 10.1 | 10.1 | -2.3 |
| MHPC LI | USD | 3.21 | 3.27 | 3.22 | -1.8 |
| MSICH | UAH | _ | _ | _ | 0.0 |
| CEEN | UAH | _ | _ | _ | 0.0 |
| BAVL | UAH | _ | _ | _ | 0.0 |
| Ticker | Currency | Close | 1D, % | Volume |
|---|---|---|---|---|
| Name | Close | 1D, % | 1M, % | YTD, % |
|---|---|---|---|---|
| SPX | 5012.94 | 0.92 | -4.23 | 5.10 |
| PFTS | 507.03 | 0.00 | 0.00 | 0.00 |
| DAX | 17860.8 | 0.70 | -1.90 | 6.62 |
| FTSE100 | 8023.87 | 1.62 | 1.17 | 3.76 |
| KP-Dragon | 1,020.08 | -0.96 | -7.16 | -12.59 |
| Name | Close | 1D, % | 1M, % | YTD, % |
|---|---|---|---|---|
| CDX.EM | 96.36433 | 0.00 | -0.57 | -0.76 |
| 5-year UST | 97.6875 | 0.00 | 0.00 | 0.00 |
| 10-year UST | 95.1875 | 0.00 | 0.00 | 0.00 |
| 6M USD LIBOR | 5.73116 | 0.05 | 0.41 | 2.60 |
| 12M USD LIBOR | 6.04143 | 1.36 | 5.43 | 10.20 |
| Ukraine 24 | 33.0 | -7.04 | -13.16 | 8.20 |
| Ukraine 35 | 25.0 | -7.41 | -16.67 | 5.26 |
| EMBI+ Ukraine | 2,822.00 | 0.04 | -1.19 | -58.89 |
| CEMBI Ukraine | 1,277.34 | 3.64 | 17.72 | -14.05 |
| Name | Close | 1D, % | 1M, % | YTD, % |
|---|---|---|---|---|
| UAH:USD (NBU) | 39.78 | 0.01 | -2.20 | -4.48 |
| UAH:EUR (NBU) | 42.31 | 0.17 | -0.44 | -0.75 |
| USD:GBP | 1.24 | -0.14 | -1.97 | -2.97 |
| USD:EUR | 1.07 | -0.04 | -1.44 | -3.51 |
| PLN:USD | 4.05 | -0.22 | -1.38 | -2.88 |
| Name | Close | 1D, % | 1M, % | YTD, % |
|---|---|---|---|---|
| WTI Crude Oil ($/bbl) | 83.14 | 0.50 | -0.40 | 16.04 |
| Corn ($/t) | 168.0 | -0.81 | -2.12 | -9.44 |
| Wheat ($/t) | 197.2 | -0.05 | -1.11 | -14.53 |
| Sugar ($/t) | 432.0 | 1.40 | -11.60 | -4.81 |
| Ticker | Currency | Bid | Ask | Close | 1D, % |
|---|---|---|---|---|---|
| AST PW | PLN | 27.70 | 28.00 | 27.95 | 0.54 |
| BAVL | UAH | 0.00 | 0.00 | 0.00 | 0.00 |
| CEEN | UAH | 0.00 | 0.00 | 0.00 | 0.00 |
| FXPO LN | GBp | 48.15 | 48.20 | 48.20 | 1.90 |
| IMC PW | PLN | 8.82 | 8.98 | 8.98 | 0.45 |
| KER PW | PLN | 10.08 | 10.10 | 10.10 | -2.32 |
| MHPC LI | USD | 3.21 | 3.27 | 3.22 | -1.83 |
| OVO PW | PLN | 66.00 | 71.00 | 71.00 | 8.56 |
| Ticker | Currency | Bid | Ask | Close | 1D, % |
|---|---|---|---|---|---|
| MLK PW | PLN | 0.57 | 0.60 | 0.60 | 0.00 |
| DOEN | UAH | 0.00 | 0.00 | 0.00 | 0.00 |
| KVBZ | UAH | 0.00 | 0.00 | 0.00 | 0.00 |
| TATM | UAH | 0.00 | 0.00 | 0.00 | 0.00 |
| UTLM | UAH | 0.00 | 0.00 | 0.00 | 0.00 |
| MSICH | UAH | 0.00 | 0.00 | 0.00 | 0.00 |
| KSG PW | PLN | 1.48 | 1.52 | 1.52 | 2.01 |
| Ticker | Currency | Bid | Ask | Close | 1D, % |
|---|
