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Local sovereign debt: in the red

 
24.02.2015

The OFZ market traded lower yesterday. By the end of the session, longer-dated bonds slipped 1.6-1.8pp, with RFLB 28 closing at a yield of 12.65%. Notes on the belly lost 1.0-1.4pp in price. Hence, the curve flattened slightly, as yields on the long end widened 35-40bp and 45-50bp on the belly.

Maxim Korovin, Tatiana Zueva
VTB Capital analysts

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OFZ

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