Debt Markets Today - June 4, 2018
CIS EUROBOND MARKETEM Eurobonds remained under pressure from the rising 10y US Treasury yield on Friday. However, there were no significant movers on the Russian sovereign Eurobond market. The Russia 42 was the day's laggard, sliding 0.6 pp to 102.7% (YTM 5.4%, Z-spread 244 bps), while the Russia 27 eased 0.4 pp to 96.6 % (YTM 4.7%, Z-spread 179 bps).GOVERNMENT DEBTTrading activity was low on Friday, while turnover was average. Yields closed 1-3 bps lower along the curve. Floaters added 5-7 bps, with the exception of the OFZ 29012, which lost 15 bps. Over the week, the 2s10s spread widened by 6 bps.STORIES> June CBR decision very tight, but 75 bps of cuts possible in 2H18> Russian banks: Accustomed to volatility
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