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Local sovereign debt: a correction

 
08.05.2015

Yesterday, the OFZ market opened mostly flat against Wednesday’s levels, with most of the flow being profit-taking on the belly. However, in the end the whole market closed in the red, with the curve up 8-13bp. In particular, RFLB 28 (YTM 10.47%) lost 0.6pp price wise, while mid-term issues slipped 0.3-0.4pp.

Maxim Korovin, Tatiana Zueva
VTB Capital analysts

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OFZ

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