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Local sovereign debt: inactive session

 
14.10.2014
Trading volumes in the OFZ market were low yesterday. Price wise, the changes were small, yet most of bonds ended in the black. In particular, longest RFLB 28 (YTM 9.88%) firmed 10-30bp, while bonds on the belly inched up 10bp in price terms. Overall, the curve moved down 1-3bp. The key question for this week is will the Ministry of Finance tap the market? In our view, there is a high probability of MinFin refraining from a primary placement.
Maxim Korovin, Tatyana Zueva
VTB Capital analyst

Tags:
OFZ

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