Sberbank - Debt Markets Today - December 16, 2021. Russian Weekly Inflation, 3Q21 GDP Breakdown; Possible Biden-Putin Meeting; OFZ Auctions Review; Fed Review

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Sberbank

Alisa Zakirova ...

Anton Stroutchenevski
Artem Vinogradov
Ekaterina Sidorova
Igor Rapokhin
Research Team
Rodion Lomivorotov
Yaroslav Lissovolik
Yuri Popov

Debt Markets Today - December 16, 2021. Russian Weekly Inflation, 3Q21 GDP Breakdown; Possible Biden-Putin Meeting; OFZ Auctions Review; Fed Review

CIS EUROBOND MARKETTrading remained subdued and prices moved slightly lower yesterday ahead of the Fed decision. The Russia 47 posted a 0.2 pp loss, as did the Kazakhstan 45 and Armenia 25. In the corporate space, there were very few transactions and only modest price changes.GOVERNMENT DEBTOFZs ended the day yesterday essentially flat amid mixed results at the weekly auctions. A total of R21 bln changed hands, again below the average this year. Peer EM local debt, meanwhile, saw yields climb 1-5 bps.STORIES> Weekly inflation remains low in week to December 13> GDP breakdown shows y-o-y growth slowing in all sectors except extraction in 3Q21> Biden declares readiness to meet with Putin> Large redemption fails to buoy demand at weekly OFZ auctions> Fed turns hawkish, basically in line with expectations

16/12/2021 46 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

Alisa Zakirova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Igor Rapokhin

Research Team

Rodion Lomivorotov

Yaroslav Lissovolik

Yuri Popov

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Debt Markets Today - December 16, 2021. Russian Weekly Inflation, 3Q21 GDP Breakdown; Possible Biden-Putin Meeting; OFZ Auctions Review; Fed Review

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

CIS Market Daily - March 24, 2022

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