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Local sovereign debt: marginally in teh black

 
06.07.2015

On Friday, activity in the OFZ market was rather slow as the US markets were closed. Nevertheless, at the end of the day, the long end gained 0.2-0.3pp in price, with RFLB 28 closing at a yield of 10.90%. Bonds on the belly nudged up 0.1-0.2pp, so the whole curve moved down 4-5bp in yield.

Maxim Korovin, Tatina Zueva
VTB Capital analysts

Tags:
OFZ

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