Report
Alexander Golinsky ...
  • Alisa Zakirova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Nikolay Minko
  • Research Team
  • Rodion Lomivorotov

Debt Markets Today - January 13, 2021

CIS EUROBOND MARKETThe yield on 10y US Treasuries was climbing higher for most of yesterday's trading session in Moscow, exerting pressure on Russian sovereign Eurobonds. Long-term issues finished 1.1-1.5 pp lower in price, while the declines in the middle of the curve were limited to 0.3-0.4 pp.GOVERNMENT DEBTThe OFZ market was flaccid yesterday before the auctions announcement. When it was announced that the nominal 7y OFZ 26236 (May 2028) and the CPI linked 10y OFZ 52003 (July 2030) would be offered today (see the story below), some bids emerged for long-dated paper. Overall, OFZ yields were basically flat for the day. Volumes totaled R13 bln.STORIES> We expect R20-40 bln to be placed at today's OFZ auctions> Ukrainian inflation comes in at 5% in 2020> Inflation in Kazakhstan reaches 7.5% in 2020
Provider
Sberbank
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.

Analysts
Alexander Golinsky

Alisa Zakirova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Nikolay Minko

Research Team

Rodion Lomivorotov

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