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Local sovereign debt: lacking support

 
22.06.2015

On Friday, the OFZ market opened on a softer footing, slipping further into the red by the end of the session. The long end looked the weakest, stepping back on average 0.3pp in price, while the belly and the front end slid 0.2pp. Hence, the curve continued to steepen gradually, as the mid-term yields inched up nearly 4bp, while long-dated tenors rose 8bp in yields.

Maxim Korovin, Tatiana Zueva
VTB Capital analysts

Tags:
OFZ

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