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Local sovereign debt: unsuccessful attempt to recover

 
14.08.2015

Yesterday, the market opened in a stronger tone, with RFLB 28 (YTM 10.89%) rising 0.5pp and belly tenors adding 0.2pp in price. However, the RUB correction spooked buyers, with quotes returning to the previous close by the evening. The curve remained generally intact, with the long end now marking at 11.0%.

Maxim Korovin, Tatiana Zueva 
VTB Capital analysts

Tags:
OFZ

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