Debt Markets Today - August 24, 2021. OFZ Flows Recap; TCS to Apply for Digital Banking License in Philippines; MKB 2Q21 Results; Belarus to Receive $1 bln from IMF

CIS EUROBOND MARKETMost of the notable moves in yesterday's trading in CIS sovereign Eurobonds were in the sub-investment grade segment. Belarus underperformed, with most of its sovereign yield curve shifting 10-15 bps upward. The exception was the Belarus 23, which closed little changed in price. The Belarus 31, on the other hand, lost 0.7 pp. Uzbekistan's sovereign bonds were also on a weaker footing, their yields climbing 3-8 bps. Quotes on Russian and Kazakh sovereigns barely changed.GOVERNMENT DEBTTrading in OFZs was thin yesterday, with just R13 bln changing hands (about a third of the average daily volume over the last month). In what has become a traditional start to the week ahead of the Wednesday auctions, yields ticked higher by a symbolic 2-3 bps.STORIES> OFZ Weekly Flows: August on track to exceed July's inflows> Credit Bank of Moscow reports 2Q21 IFRS numbers> TCS to apply for digital banking license in the Philippines> Belarus to receive almost $1 bln under IMF SDR program