- Anton Stroutchenevski
- Artem Vinogradov
- Cole Akeson
- Ekaterina Sidorova
- Igor Rapokhin
- Maria Martynova
- Research Team
- Rodion Lomivorotov
- Sergey Donskoy
- Yuri Popov
Debt Markets Today - February 8, 2022. Macron-Putin Talks, CBR Preview, OFZ Weekly Flows, Nornickel 2021 IFRS Preview, Kazakh Inflation
CIS EUROBOND MARKETFriday's sharp increase in UST yields and still-high geopolitical uncertainty continued to pressure long-dated Russian sovereign Eurobonds yesterday. The biggest declines were from the Russia 43 (-0.4 pp) and Russia 47 (-0.6 pp). GOVERNMENT DEBTThe OFZ curve edged up 1-3 bps in yield yesterday, with market participants positioning themselves for the weekly auctions. Local accounts remained more active buyers, while internationals were mainly on the offer side. Volumes traded on the Moscow Exchange totaled just R17 bln, which is below the daily average over the last month. Elsewhere in the EM space, 10y yields in Eastern Europe slid 2-6 bps, extending last week's move triggered by a dovish outlook from the Czech central bank.STORIES> Diplomatic talks yield constructive remarks, events to watch> CBR Preview: On track to double-digit key rate> OFZ Weekly Flows: Nonresident outflows slow> Nornickel 2021 IFRS preview: Focus on 2022 guidance> Kazakh inflation ticks up to 8.5% y-o-y in January
MMC Norilsk Nickel PJSC is a global producer of nickel, palladium, platinum and copper. Co. also produces by-products, such as cobalt, chromium, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium and sulfur. Co. is involved in prospecting, exploration, extraction, refining and metallurgical processing of minerals, as well as in production, marketing and sale of base and precious metals. Co.'s production facilities are located in five countries: Russia, Australia, Botswana, Finland, and South Africa. Co.'s production units are integrated and include: the Polar Division (the Taimyr Peninsula); and the Kola Mining and Metallurgical Company (Kola MMC or the Kola Peninsula).
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
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