Sberbank - Debt Markets Today - December 24, 2020

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Sberbank

Alexander Golinsky ...

Alisa Zakirova
Andrey Kuznetsov
Anton Stroutchenevski
Artem Vinogradov
Cole Akeson
Ekaterina Sidorova
Mikhail Sheybe
Nikolay Minko
Research Team
Rodion Lomivorotov

Debt Markets Today - December 24, 2020

CIS EUROBOND MARKETAgainst the backdrop of a fairly sharp move higher in US Treasury yields, prices on Russian sovereign Eurobonds came under pressure yesterday in an illiquid market. Underperforming the most were the Russia 47 (down 0.9 pp) and Russia 35 (down 0.4 pp). GOVERNMENT DEBTDespite a bounce-back in risk sentiment globally yesterday, as well as the ruble strengthening, short- and mid-dated OFZ yields rose 3-5 bps, with the curve continuing to flatten starting from the CBR decision on Friday. Nonresident activity was minimal, and volumes totaled R19 bln.STORIES> Inflation stays elevated in December> Multi-Asset Sputnik: Peering into a post-Covid world> OFZ Auction Results: Last auction of the year held yesterday> Ukrainian 3Q20 GDP driven by stronger consumption

24/12/2020 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

Alexander Golinsky

Alisa Zakirova

Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Ekaterina Sidorova

Mikhail Sheybe

Nikolay Minko

Research Team

Rodion Lomivorotov

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Debt Markets Today - December 24, 2020

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

Russia FX/Rates Snapshot - March 24, 2022. Ruble Could Take a Pause After Sharp Gains

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