- Alisa Zakirova
- Anton Stroutchenevski
- Artem Vinogradov
- Ekaterina Sidorova
- Nikolay Minko
- Research Team
- Rodion Lomivorotov
Debt Markets Today - March 15, 2021
CIS EUROBOND MARKETThe rise in US Treasury yields on Friday exerted sharp pressure on Russian sovereign Eurobond prices on Friday. The largest drop was recorded in the Russia 47 and Russia 42 (down a respective 2.2 pp and 1.3 pp) on large volumes. International accounts were mostly responsible for the wave of selling at the long end of the curve. GOVERNMENT DEBTOFZs climbed 2-5 bps on Friday amid a sharp deterioration in the external backdrop. However, this performance was better than what was seen among EM peers. Late in the day, the long end of the curve managed to recoup nearly half of the earlier losses following the emergence of more specific information about the Finance Ministry's intention to cut the issuance plan this year. According to the latest information, the reduction will be by R875 bln. Trading volumes on Friday were relatively restrained at just R26 bln.STORIES> National Bank extends liquidity restrictions as inflation surges
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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