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Local sovereign debt: consolidation

 
03.07.2015

Yesterday, the rally on the OFZ market visibly slowed, with many names consolidating near previous closing levels. The front end ended up 0.1pp stronger, while long-dated issues stepped back a bit: RFLB 23 (YTM 11.05%, series 26211) slipped 0.2pp in price and RFLB 22 7.60 (YTM 11.09%) weakened 0.1pp

Maxim Korivin, Tatiana Zueva
VTB Capital analysts

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OFZ

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