The National Bank of Ukraine started publishing yield curves for Ukraine’s zero-coupon domestic sovereign bonds denominated in both hryvnias and US dollars. Zero-coupon yield curves are plotted by the NBU on a weekly basis using the Nelson-Siegel parametric model based on information about transactions with Ukrainian domestic sovereign bonds on the stock exchange and OTC markets of Ukraine, which market participants may find in the public information database of the National Securities and Stock Market Commission concerning the securities market.
The methodology of plotting the curves has been disclosed to market participants as part of the procedure for fair value measurement of residents’ securities that the NBU owns or accepted as collateral.
Publishing zero-coupon yield curves of government bonds is common practice for central banks all around the world. The appearance of such an instrument in Ukraine will contribute to the transparency of operations in the domestic capital market.
Information on yield curves for zero-coupon Ukrainian government bonds will also be available through other information resources, such as the NBU page in Bloomberg’s information system.
Beginning 1 December 2015, the regulator also started daily placement of information on the fair value of securities accepted as collateral on its official website, as well as adjusting factors for them. Banks may use this information to manage their own liquidity under rules set forth by NBU Board Resolution No. 615 of 17 September 2015 On Approval of the Regulation on Application by the National Bank of Ukraine of Standard Instruments for Regulating Liquidity in the Banking System.
In addition, in the framework of transition to a modern database, the NBU updated the "Statistics. Monetary and Financial Statistics" page on its official website. From now on, this page contains data on the volume of deposits and loans by regions.
In particular, for easier data retrieval, rates on loans and deposits, as well as interest rates on loans and deposits, are presented in the form of a time series in a separate file for each oblast. Each file has cross-links to relevant statistics.