Report
Alexander Golinsky ...
  • Alisa Zakirova
  • Andrew Keeley
  • Ekaterina Sidorova
  • Kirill Rogachev
  • Mikhail Sheybe
  • Nikolay Minko
  • Research Team

Debt Markets Today - October 5, 2020

CIS EUROBOND MARKETFriday's risk-off trading in global markets and more than 4% drop in oil prices weighed on Russia's sovereign Eurobonds. Long-dated issues registered losses of 0.6-0.7 pp.GOVERNMENT DEBTDespite renewed ruble weakness, the OFZ market was supported by local buyers on Friday. Yields dropped another 1-3 bps in the belly but were mostly unchanged in other segments. Investor activity noticeably increased, with volumes reaching R33 bln, the bulk of which was concentrated in the middle of the curve.STORIES> Oil paring last week's losses on upbeat reports on Trump's health> Moscow Exchange releases trading data for 9m20
Underlying
Moscow Exchange MICEX-RTS PJSC

Moskovskaya Birzha MMVB-RTS PAO. Moskovskaya Birzha MMVB-RTS PAO (MMVB-RTS OAO) is a Russia-based integrated stock exchange that provides electronic trade organization, clearing and settlements on trades, depository and information services. The Company provides trading and settlement services in such segments of the financial market as foreign exchange (FX) market, federal bonds market, market of derivative financial instruments, cash equities market, corporate and regional fixed income market, commodities market, as well as market for state and municipal orders. The Company was established as a result of the merger between MMVB ZAO and RTS OAO. It operates through six branches and three representative offices. As of February 27, 2013, the Company's major shareholder was the Central bank of the Russian Federation with a stake of 22.47%. In January 24, 2014, the Company sold its whole stake in MMVB-IT ZAO.

Provider
Sberbank
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.

Analysts
Alexander Golinsky

Alisa Zakirova

Andrew Keeley

Ekaterina Sidorova

Kirill Rogachev

Mikhail Sheybe

Nikolay Minko

Research Team

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