Select your city:
Moscow

VTB Bank call center

+7 (800) 200-77-99
+7 (495) 739-77-99
For general information and enquiries

Local sovereign debt: further up

 
23.03.2015

On Friday, the OFZ market continued trading on a stronger footing. Specifically, we noted that RFLB 28 (YTM 12.91%) gained 0.7pp in price as well as other longer dated issues. Meanwhile, bonds on the belly advanced 0.3pp in price terms, so the whole curve moved down 11-14bp. We still think that the OFZ curve could steepen further, as the CBR is likely to continue cutting interest rates.

Maxim Korovin, Vladimir Kolychev
VTB Capital analysts

Tags:
OFZ

Back to the list



VTB group news subscribe
  • E-mail subscribe
  • RSS lent
    Subscribe
    Subscribe
Download the list of cities.....