Sberbank - Debt Markets Today - August 26, 2020

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Sberbank

Alexander Golinsky ...

Alisa Zakirova
Anton Stroutchenevski
Artem Vinogradov
Ekaterina Sidorova
Nikolay Minko
Research Team
Rodion Lomivorotov

Debt Markets Today - August 26, 2020

CIS EUROBOND MARKETYesterday, Russian sovereign Eurobonds continued to feel pressure from a combination of rising US Treasury yields and elevated geopolitical risks, though higher oil prices provided support. On the day, the Russia 47 lost 1.3 pp and the Russia 42 gave up 0.9 pp. GOVERNMENT DEBTLong-dated OFZs came under pressure yesterday, mainly due to selling by local accounts, while nonresidents were buying, albeit not very actively. Yields closed 2-6 bps higher at the long end and flat elsewhere on the curve. Volumes were again lethargic at just R15 bln.STORIES> Consumer spending growth accelerates in week to August 23> Belarus considering refinancing its FX-denominated debt

26/08/2020 41 EN

Provider

Sberbank

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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Analysts

Alexander Golinsky

Alisa Zakirova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Nikolay Minko

Research Team

Rodion Lomivorotov

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Debt Markets Today - August 26, 2020

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

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