For individuals: Internet bank
Select your city:

VTB Bank call center

+7 (800) 200-77-99
+7 (495) 739-77-99
For general information and enquiries

Money market: ups and downs


The situation with banking liquidity barely changed yesterday. The Treasury allocated RUB 200bn on banks’ deposits at an average rate of 15.13% amid RUB 280bn demand. Unless the Treasury conducts yet another ad-hoc auction, the outflow of the state’s deposits would still be RUB 280bn at the end of the week, but covered by the increase in one-week repo refinancing. Yesterday, the CBR provided RUB 1.45tn to banks (+RUB 250bn) amid RUB 1.75tn demand. In addition, budget outlays continue to support banking liquidity, since heavy taxes kick off only next week. Meanwhile, the weighted-average overnight FX swap rate widened 33bp to 14.77% yesterday, while RUONIA was likely about 15.0%. NDF rates picked up near 30bp on the front end, while longer-dated XCCY swap rates widened near 20bp. The IRS curve was up near 30bp as well.

Maxim Korovin, Tatiana Zueva
VTB Capital analysts

money market

Back to the list

VTB group news subscribe
  • E-mail subscribe
  • RSS lent
Download the list of cities.....