The yield on hryvnia bonds in February exceeded the rate on bank deposits by 1.5 times
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In February, the weighted average yield of hryvnia government bonds was 17.32%, while the Ukrainian rate index for deposits of individuals was only 11.34%. The annual yield of hryvnia government bonds in February exceeded the average rate of bank deposits by 1.53 times.
This was reported by the press service of the Ministry of Finance of Ukraine.
In February 2024, the Ministry of Finance of Ukraine managed to attract UAH 41.5 billion to the state budget thanks to the placement of domestic state loan bonds (OVDP). Of them, UAH 19.7 billion is in foreign currency. UAH 37.8 billion of this amount was raised through the issuance of military OVDP bonds.
In general, since the beginning of the year, thanks to the placement of OVDP bonds, the state budget received 74.3 billion UAH, of which 39 billion UAH – in foreign currency. UAH 58.6 billion of this amount was raised thanks to the issuance of military OVDP bonds.
The raised funds made it possible to fully cover the need for funds to repay the OVDP.
At the same time, hryvnia government bonds exceeded bank deposits in yield. In February, the weighted average yield of hryvnia government bonds (not subject to personal income tax and military duty) amounted to 17.32%, while the Ukrainian rate index for deposits of individuals (excluding taxes) was only 11.34%.
Thus, the annual yield of hryvnia government bonds in February was 1.53 times higher than the average rate for bank deposits. And in January-February – 1.54 times.
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