Sberbank - Debt Markets Today - October 8, 2020

Report

Sberbank

Alexander Golinsky ...

Alisa Zakirova
Anton Stroutchenevski
Artem Vinogradov
Ekaterina Sidorova
Nikolay Minko
Research Team
Rodion Lomivorotov
Yaroslav Lissovolik

Debt Markets Today - October 8, 2020

CIS EUROBOND MARKETDespite the high volatility in US Treasuries in recent days, Russian sovereign Eurobonds have not seen sharp swings. Yesterday, the strongest showing came from the Russia 47, which added 0.2 pp in price. On the other side of the ledger, the Russia 43 shed 0.3 pp. GOVERNMENT DEBTYields on medium-dated OFZs came down another 1 4 bps in yesterday's trading in the secondary market amid healthy demand from local investors. Volumes totaled R38 bln, with the 13y OFZ 26221 again making the biggest contribution (R17 bln). However, the biggest developments by far yesterday were in the primary market, as the Finance Ministry managed to place a record R346 bln in OFZs at yesterday's auction (see the article below).STORIES> CIS economic update: When the remittances dry up> Consumer prices in Russia climb 0.1% last week> OFZ auction results: Record one-day volume of R346 bln yesterday

08/10/2020 15 EN

Provider

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.

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Analysts

Alexander Golinsky

Alisa Zakirova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Nikolay Minko

Research Team

Rodion Lomivorotov

Yaroslav Lissovolik

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Debt Markets Today - October 8, 2020

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

Debt Markets Today - March 24, 2022. Ruble Settlement for Gas, Russian Weekly Inflation, Severstal Unable to Pay Coupon on Eurobond

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