- Alisa Zakirova
- Anton Stroutchenevski
- Artem Vinogradov
- Ekaterina Sidorova
- Mikhail Sheybe
- Nikolay Minko
- Olga Sterina
- Research Team
- Rodion Lomivorotov
Debt Markets Today - January 28, 2021
CIS EUROBOND MARKETUS Treasury yields continued to decline yesterday, which supported Russian sovereign Eurobond prices. Outperformers included the Russia 47 with a gain of 0.6 pp, followed by the Russia 43 (up 0.5 pp).GOVERNMENT DEBTThe OFZ market again saw yields fall 2-5 bps early in the session yesterday, but these declines were fully erased amid the wave of risk-off sentiment that took hold in global markets later in the day. Another factor weighing on OFZs was the weak demand at yesterday afternoon's auction for a CPI-linked paper, even though inflation remains elevated (see our auction review below). Trading volumes totaled R22 bln.STORIES> Weekly inflation holds at 0.2%> Gold Price Fundamentals: Still on the yellow brick road> OFZ Auction Results: Demand for CPI linkers wanes> DME Airport set to place new 7y issue, we expect at 5.45-5.65%
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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