Debt Markets Today - November 9, 2021. PhosAgro 3Q21 Results, OFZ Weekly Flows
CIS EUROBOND MARKETThe Russian sovereign segment closed at its highest levels in about a month yesterday, catching up to the rally in the US Treasury market last week. The gains ranged from 0.5-2.0 pp, while the most traded issues were the Russia 35 and Russia 47. GOVERNMENT DEBTOFZs kicked off the week with yields moving 8-13 bps lower on issues maturing in longer than 7y. Short-dated issues, meanwhile, saw yields decline just 3-5 bps. This meant that the inversion of the curve steepened. The main driver for the positive performance yesterday was the market catching up with the rally in US Treasuries and local EM debt that took place over the Russian holiday. Yields in the EM space continued declining yesterday, with 10y issues moving another 1-5 bps lower.STORIES> OFZ Weekly Flows: Nonresident outflow continues, but we expect the trend to reverse this week> PhosAgro publishes 3Q21 resultsPhosAgro is a producer of phosphate-based fertilizers. As of Dec 31 2014, Co. had two segments: Phosphate-based products, which includes mainly production and distribution of ammophos, diammoniumphosphate, sodium tripoly phosphate and other phosphate based and complex (NPK) fertilisers on the factories located in Cherepovets, Balakovo and Volkhov, and production and distribution of apatite concentrate extracted from the apatite-nepheline ore, which is mined and processed in Kirovsk; and Nitrogen-based products,which includes mainly production and distribution of ammonia, ammonium nitrate and urea on the factory located in Cherepovets.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.