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Local sovereign debt: holding ground

 
15.05.2015

Yesterday, the OFZ market remained in the black. Short- and mid-term papers gained 0.15-0.25pp in price, the long tenors rose 0.1pp in price. Hence, the front-end yields nudged down 7bp, while the rest of the curve narrowed 3-5bp, yield wise.

Maxim Korovin, Tatiana Zueva
VTB Capital analysts

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OFZ

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