In the segment of Russian Eurobonds after oil resumed podrosshey purchase - Rus-30 kept at the level of nominal

Domestic

bond market is moving at an average price range with signs of consolidation. Support in the moment again has the oil market - the price of Brent adjusted after two days of the fall up to 2% and try to gain a higher level of $ 68 per barrel. On the currency market on Thursday against the backdrop of low volatility moderate strengthening of the ruble, which reduces the nervousness among investors. Nevertheless, we believe that the following took place on the bond market rally, investors continue to look for any visible bad excuse to reduce their positions, but until the end of the week factor the end of the reporting period will deter market participants from aggressive action.

At mid-day trading on Thursday with the largest turnover grew YarObl-6 (0.81% of the closing price on Wednesday), TGK2-1 (0.65%), Moskva45 (0,49%), PIA-AHML A (0.18%), Saha-1 (0.14%), UralsibLK-5 (0.1%), System-1 (0.08%), GazpromA4 (0,07%), UralsibLK-3 (0.07%), MTS-4 (0.03%). Decreased quotes the following Paper - Promsvyazb-5 (-0.09%). PrTehLiz-1 (-0.22%), Zenit3 (-1.03%), MosObl8 (-1.56%), GBD-mortgage - 1 (-1.65%), UGMK-UEMO-1 (-2.44%), StrTrGaz-2 (-2.55%), GBD-1 (-4.03%), AHML-9 (-4 , 14%).

At the primary market, the company Mechel announced the successful deployment of the 4 th release of 5 billion rubles. with maturity of 7 years and offer over 3 years. Coupon rate, in our opinion, very interesting in the current market - 19% per annum.

The amount of funds on deposits and correspondent on the morning of Thursday, grew to 62.1 billion rubles. and amounted to 726.6 billion rubles. The rates of O /N were about 7.5% per annum, 3-month rate at 11.89% per annum. At the end of the second half of the trading day on Thursday, the dollar fell by 0.39% to 31.506 rubles., Euro at 0.36% to 44.306 rubles. Course bivalyutnoy basket of the ruble fell by 0.38% and amounted to EUR 37.257.

Market US Treasuries and eurobond

Data on the labor market have been mixed: leading indicators, the number of initial applications for unemployment benefits rose stronger projections (3.8%) at 5.4%, to 584 thousand and the total volume of unemployment has decreased by 0 , 4% to 6 197 thousand people., against the expected growth at 1.2% to 6.3 million. Also undergoing primary auctions US Treasuries, according to the published results, are less popular and less participation of foreign central banks, rather than sooner.

In anticipation of the market opening on Wednesday curve US Treasuries moved up - UST-2 - 1.182% per annum (1.6 bp), UST-10 - 3.69% per annum (3b.p.), UST - 30 - 4.526% per annum (1.7 bp).

In the segment of Russian Eurobonds after oil resumed podrosshey purchase - Rus-30 kept at a level premium. The growth of quotations was 0.16% to 100% of nominal value, yield issuance of 7.497% per annum (-5b.p.). Spread between the Rus-30 - UST-10 decreased by 8 bp to 380 bp


In Bond Market You can find information on issues of corporate and municipal bonds, as well as learn about the planned deployment, the outcome of bidding MICEX and read the comments on the bond market.

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