Report
Alexander Kudrin ...
  • Alexander Golinsky
  • Alexander Sychev
  • Andrey Kuznetsov
  • Cole Akeson
  • Mikhail Sheybe
  • Nikolay Minko
  • Tom Levinson
  • Yuri Popov

Debt Markets Today - March 30, 2018

CIS EUROBOND MARKET
The latest news from the UK sent Russian sovereign quotes lower at the opening yesterday, although they rebounded quite quickly and closed only slightly lower. The Russia 27 fared the worst, retreating 0.2 pp to 100.1% (YTM 5.2%, Z-spread 241 bps).

GOVERNMENT DEBT
Despite the negative backdrop that formed around Russian debt yesterday, demand from foreign investors nevertheless managed to drive long-dated yields 1-2 bps lower in the first half of the day. Speculative investors, meanwhile, in many cases opted to close positions ahead of the end of what was a highly profitable quarter. For the day yesterday, OFZ yields closed with movements of 1-2 bps in either direction, while the curve was mostly unchanged.


STORIES
> Russia to reciprocally answer diplomat expulsions in Skripal aftermath
> Multi-Asset Sputnik: The perils of normalization
> Fitch affirms Russian Railways at BBB-
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 Kudrin

Alexander Golinsky

Alexander Sychev

Andrey Kuznetsov

Cole Akeson

Mikhail Sheybe

Nikolay Minko

Tom Levinson

Yuri Popov

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