For individuals: Internet bank
Select your city:

VTB Bank call center

+7 (800) 200-77-99
+7 (495) 739-77-99
For general information and enquiries

Local sovereign debt: half-day rally


On Friday, the market opened strong, encouraged by the debut placement of inflation-indexed OFZ. Already in the morning, the long-dated issues were quoted 0.7-1.0pp higher in price terms. In the afternoon, RFLB 28 even hit 79.75, but at this stage demand started to abate, so finally the long end closed only 0.3-0.7pp stronger, while the belly and the front end gained 0.1-0.2pp in price. Hence, the curve tightened 5-10bp in yield, shifting down to the 10.30-10.40% range.

Maxim Korovin, Tatiana Zueva
VTB Capital analysts


Back to the list

VTB group news subscribe
  • E-mail subscribe
  • RSS lent
Download the list of cities.....