- Alexander Sychev
- Alexey Bulgakov
- Alisa Zakirova
- Andrey Kuznetsov
- Ekaterina Sidorova
- Nikolay Minko
- Yuri Popov
Debt Markets Today - September 18, 2019
CIS EUROBOND MARKETRussian sovereign Eurobonds advanced again amid a decline in US Treasury yields yesterday. Nonresident demand prevailed. The Russia 47 and 42 fared the best (+0.3 pp apiece), while medium-dated issues were limited to gains of 0.2 pp. The market was more active than average.GOVERNMENT DEBTThe OFZ market picked up somewhat yesterday. Intermediate issues came under pressure from the outset as nonresident selling prevailed. The pressure spread to long-dated paper later after the Finance Ministry announced it will place R20 bln in the 15y OFZ 26225 (May 2034, 7.25%) at today's auction. Yields closed 2 6 bps higher along the curve. Volumes came in at R22 bln, with R7 bln going through in the OFZ 26212.STORIES> Fixed Income Quarterly: Lower rates lift all boats> Metinvest announces Eurobond buyback and new issues> S&P and Fitch upgrade Metinvest's credit ratings
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