Debt Markets Today - September 21, 2021. Fed Preview, OFZ Weekly Flows, Kazakh GDP Proxy Read for August

CIS EUROBOND MARKETThe global risk-off mood put pressure on Russian sovereign Eurobonds quotes, with the biggest losses on the day registered by the Russia 35 and Russia 26, down 0.2 pp each. Meanwhile, in the euro segment, the losses were even steeper, the Russia 36 finishing the day down 0.4 pp and the Russia 32 off by 0.2 pp.GOVERNMENT DEBTOFZ yields climbed 8-11 bps yesterday as investors fled risk assets. The "new" issues were hit the hardest, given that investors fear that this week's auctions will again be without volume limits. Trading volumes on the Moscow Exchange totaled R22 bln yesterday, which is less than the daily average over the past month. A selloff was seen in most other EM peer markets: the 10y paper of Mexico, Columbia and South Africa added 4-10 bps in yield.STORIES> Fed preview: New dot plot to hint at higher rates> OFZ Weekly Flows: Mild nonresident inflows across the curve> Kazakhstan's short-term economic indicator eases in August