Report
Alexander Golinsky ...
  • Alisa Zakirova
  • Andrew Keeley
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Igor Rapokhin
  • Nikolay Minko
  • Research Team
  • Rodion Lomivorotov

Debt Markets Today - April 8, 2021

CIS EUROBOND MARKETQuotes of Russian sovereign Eurobonds continued to decline yesterday amid selling by local investors. On the day, the biggest decliners were the Russia 35 and Russia 43, which lost 0.6 pp and 0.4 pp, respectively.GOVERNMENT DEBTBy the middle of the day yesterday, OFZ yields had advanced 10-12 bps, thus pricing in the rise in geopolitical tension. However, a subsequent recovery in the ruble helped select issues pare losses. When the dust settled, yields on long-dated OFZs ended up 5-8 bps higher than Tuesday's close amid support from local investors. The belly of the curve saw yields climb 10 bps on average. Trading volumes totaled R28 bln.STORIES> Weekly inflation remains at 0.2%> OFZ Auction Results: Demand again comes from limited investor pool> TCS capital markets day: Focus on profitable growth
Underlyings
TCS Group Holding Plc Sponsored GDR Class A RegS

TCS Group Holding is a retail banking services group based in the Russian Federation. Co. is principally engaged in providing retail banking services in the Russian Federation through its subsidiaries, primarily Tinkoff Credit Systems. Co., through this subsidiary, fully licensed by the Central Bank of Russia and a member of the Deposit Insurance System, specializes in credit cards. Co. provides online retail financial services through a branchless operating platform. Co. also offers remote access to its financial products and services through its online banking as well as through mobile banking and high-volume call centers.

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

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Igor Rapokhin

Nikolay Minko

Research Team

Rodion Lomivorotov

Other Reports on these Companies
Other Reports from Sberbank

ResearchPool Subscriptions

Get the most out of your insights

Get in touch