- Alexander Golinsky
- Alexander Sychev
- Alexey Bulgakov
- Alisa Zakirova
- Ekaterina Sidorova
- Nikolay Minko
- Rodion Lomivorotov
Debt Markets Today - April 24, 2018
CIS EUROBOND MARKETA significant rise in 10y US Treasury yields on Friday and yesterday morning pressured Russian sovereign quotes, which dropped as much as 1.0-1.4 pp. However, subsequent news that the US might relax sanctions against RUSAL boosted market optimism, and the earlier losses were pared back. The Russia 47 fared the best over the session, climbing 0.7 pp to 96.9% (YTM 5.5%, Z-spread 243 bps). The Russia 27 rose 0.2 pp to 96.9% (YTM 4.7%, Z-spread 167 bps).GOVERNMENT DEBTOFZs were mainly sold off in the morning yesterday, but the RUSAL news in the afternoon sparked a wave of buying. Yields still closed up 1-3 bps on the day. Volumes were above average, with a third concentrated in the OFZ 26207 (January 2028, 7.05%).
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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