- Ekaterina Sidorova
- Igor Rapokhin
- Mikhail Sheybe
- Olga Sterina
- Research Team
- Sergey Kolesnikov, FRM
- Yuri Popov
Debt Markets Today - November 19, 2021. Bi-Weekly FICC Strategy, 3Q21 Results from MHP and CBM
CIS EUROBOND MARKETQuotes on Russia's sovereign Eurobonds barely budged yesterday despite a decline in benchmark yields. Selling by nonresidents predominated. GOVERNMENT DEBTOFZ yields climbed 5-10 bps yesterday on the back of the weakening ruble, the rise in weekly inflation and hawkish comments from CBR Governor Elvira Nabiullina, who said that inflation pressure is becoming persistent. Due to this, further monetary policy tightening is necessary, according to Nabiullina. She also cited West Germany's success in the 1970s in quickly taming inflation through decisive rate hikes.STORIES> Bi-Weekly FICC Strategy: Volatility to persist on the back of geopolitics> Credit Bank of Moscow reports 3Q21 results> MHP releases strong 3Q21 IFRS resultsMHP is a holding company. Through its subsidiaries, Co. is engaged in poultry and related operations, grain growing, as well as other agricultural operations. Co.'s poultry and related operations integrate all functions related to the production of chicken, including hatching, fodder manufacturing, raising chickens to marketable age, processing and marketing of branded chilled products and include the production and sale of chicken products, sunflower oil, mixed fodder and convenience food products. Grain growing produces and sells grains. Other agricultural operations comprise the production and sale of cooked meat, sausages, beef, milk, goose meat, foie gras, fruit and feed grains.
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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