- Alexander Sychev
- Alisa Zakirova
- Anton Stroutchenevski
- Artem Vinogradov
- Ekaterina Sidorova
- Rodion Lomivorotov
- Sergei Konygin
Debt Markets Today - May 16, 2018
CIS EUROBOND MARKETRussian sovereign Eurobonds opened lower under pressure from rising US Treasury yields, and the selling only intensified following news that the US may impose new sanctions on Russia. The Russia 47 fared the worst, tumbling 1.7 pp to 93.6% (YTM 5.7%, Z-spread 259 bps), while the Russia 27 fell 0.8 pp to 96.4% (YTM 4.7%, Z-spread 167 bps).GOVERNMENT DEBTThe ruble weakening pushed OFZ yields 5-13 bps higher at the short end and 4-7 bps higher at the long end. Volumes were high at about R12 bln and were concentrated in the 15y OFZ 26221 (March 2033, 7.70%). Floaters closed largely flat.STORIES> Budget deficit reaches R224 bln in April due to higher social spending> Otkritie FC Bank releases 2017 IFRS and 1Q18 RAS results> Moody's downgrades O1 Properties to B3> Sibur reports 1Q18 IFRS results> Armenian Central Bank leaves key rate on hold, as expected
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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