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Local sovereign debt: yield adjustment continued

 
18.11.2014

OFZs weakened yesterday amid limited trading flows. Prices fell another 0.3–0.4pp in the long end. Overall, the curve moved up around 4-6bp along all tenors with RFLB 28 having broken the 10.30% level, while the belly trades firmly above 10.50%. We expect OFZ yields to continue moving higher in choppy trading.

Maxim Korovin, Tatyana Zueva
VTB Capital analyst

Tags:
OFZ

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