Debt Markets Today - October 29, 2021. Evraz, VEON Post 3Q21 Results

CIS EUROBOND MARKETYesterday proved to be a quiet day in the FSU Eurobond space. The main mover was the back end of the Kazakhstan sovereign curve: the Kazakhstan 44 and 45 tightened 2-3 bps in yield (+0.4 pp in price). Russia's sovereign curve was little changed, but with buyers still dominating at the long end of the curve and sellers in shorter segments. In the corporate space, the KTZ 42 widened 3 bps in yield (-0.4 pp, price-wise). GOVERNMENT DEBTOFZ yields continued moving higher yesterday, pricing in the disappointing weekly inflation numbers that came out on Wednesday. Yields closed 15-20 bps wider at the short end and in the belly and 10-15 bps at the long end. Trading volumes totaled R49 bln with nearly R12 bln of that coming in issues maturing in 2031. Another R7 bln changed hands in the 15y OFZ 26240 (July 2030). Peer EM markets, meanwhile, saw insignificant moves, although Brazil was an exception: the yield on the 10y paper surged 53 bps following an unexpected rate hike by the country's central bank on Wednesday.STORIES> Evraz publishes 3Q21 trading update> VEON 3Q21 IFRS results: Strong, EBITDA guidance upgraded