Sberbank - Debt Markets Today - August 5, 2021. Russian Weekly Inflation at Negative 0.1% Last Week

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Sberbank

Alisa Zakirova ...

Anton Stroutchenevski
Artem Vinogradov
Ekaterina Sidorova
Igor Rapokhin
Research Team
Rodion Lomivorotov

Debt Markets Today - August 5, 2021. Russian Weekly Inflation at Negative 0.1% Last Week

CIS EUROBOND MARKETAgainst the backdrop of active local bids, long-dated Russian sovereign Eurobonds gained 1.5 pp yesterday on thin trading. The euro-denominated Russian sovereigns also showed gains, led by the Russia 36, which added 0.2 pp.GOVERNMENT DEBTOFZs traded sideways ahead of yesterday's auction. The auction results turned out to be quite strong (see below), but a weakening ruble and a sudden correction in US Treasuries spoiled the mood. The US 10y yield surged 8 bps yesterday evening on remarks from the Fed about when QE tapering might begin. OFZ yields finished the day 1-2 bps higher. Trading volumes on the Moscow Exchange totaled R36.2 bln, again easily exceeding the average from the month prior.STORIES> Weekly inflation comes in at negative 0.1%> "New" OFZs: Early bird gets the worm> Unsurprisingly strong OFZ auction results

05/08/2021 46 EN

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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

Alisa Zakirova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Igor Rapokhin

Research Team

Rodion Lomivorotov

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Debt Markets Today - August 5, 2021. Russian Weekly Inflation at Negative 0.1% Last Week

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

Commodities Daily - March 24, 2022

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