In the segment of Russian Eurobonds until a weak activity
Internal market:
Despite the fact that commodity markets exhibit volatility, putting pressure on the Russian ruble, domestic factors are supporting the bond market. We note the predominance of demand over supply, leading to the preservation of positive price trend. The activity of large issuers in the primary market (CFR, Rosselkhozbank and a group of Victoria) also has an impact on the positive reassessment of liquid securities on the secondary trading. According to the results of Thursday with the largest trade turnover grew System-3 (1.99% of the price discovery on Thursday), UralsibLK-2 (0,22%), Mechel-5 (0,14%), transKred-3 (0,09 %), Rosselkhozbank-3 (0,07%), Rosselkhozbank-7 (0,06%), System-2 (0,05%), Moskva61 (0,02%), RZD-9 (0,02%), . Decreased following quotation of securities - Gazpromneft-3 (-0.02%) CFR-15 (-0.13%), Moskva56 (-0.28%).
The amount of funds on deposits and correspondent accounts on Friday morning rose to 15.4 billion rubles. and amounted to 1 trillion. 13,4 billion rubles. Money market rates on a comfortable low - rates Mosprime O /N - 4%, 1M - 5,24%, 3M - 5,88%. NDF curve looks as follows - 1M - 4,36%, 3M - 5,15%, 1Y - 6%. According to the results of the second half of the trading day the dol1000lar “has risen in price on 0,49% to 30.141 rubles., The euro fell 0.09% to 41.688 rubles. Exchange currency basket to the ruble grew by 0.06%, and amounted to 35.333 rubles.
Market US Treasuries and Eurobonds:
American makrostatistika continues to disappoint investors. The number of initial applications for unemployment benefits rose by 2,1%, to 480 thousand (-2.5%), whereas the expected decrease by 3,2% to 455 thousand. Cumulative number of people receiving benefits for 2 weeks did not change and amounted to 4 602 thousand people. - Is expected to fall to 4 581 thousand people. Against the backdrop of a difficult situation with unemployment growth in labor productivity by 6,2% is not impressive, despite the record level of over 6 years. In Western Europe, met at the ECB and the Bank of England, which in line with expectations did not change the current level of interest rates. By opening the American market we have not seen major movements of returns on the curve US Treasuries - UST-2 - 0.851% per annum (-3b.p.), UST-10 - 3.658% per annum (-5b.p.), UST-30 - 4.591 % per annum (-5b.p.). In the segment of Russian Eurobonds until a weak activity - Rus-30 “sank” at 0.25% to 112.52% of par, the yield of the issue is 5.416% per annum (2b.p.). Spread between the Rus-30 - UST-10 increased by 8 bps and totaled 176 bp
In “Bond Market” You can find information on issues of corporate and municipal bonds, as well as learn about the planned deployment, the outcome Trading on the MICEX and read the comments on the bond market.
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