- Anton Stroutchenevski
- Artem Vinogradov
- Ekaterina Sidorova
- Igor Rapokhin
- Research Team
- Rodion Lomivorotov
Debt Markets Today - July 13, 2021. Uzbekistan Places New Dollar Eurobond, 2Q21 Russian Budget Surplus Reported, CBR Releases Analysis of June Inflation
CIS EUROBOND MARKETRussian sovereign Eurobonds traded sideways yesterday amid thin volumes. The Borets 22 and GTLK 28 underperformed with losses of 0.2 pp.GOVERNMENT DEBTOFZ yields climbed 1-5 bps yesterday, while the curve continued to flatten (by 2-4 bps in the 2s10s spread). Trading volumes on the Moscow Exchange totaled R16 bln yesterday, about 20% below the average for the last month. Of this figure, R11.7 bln was attributable to short- and medium-dated OFZs. We also note that we have been seeing increased trading in the new OFZ issues since last week, when Euroclear launched settlement for them.STORIES> Russia registers $19.9 bln current account surplus in 2Q21> Russia's budget surplus in 1H21 reaches R625.9 bln> CBR publishes analysis of June inflation data> Uzbekistan places new dollar Eurobond
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