Quotations bonds rise, despite the flagging ruble

Cost bivalyutnoy basket continues to creep upwards, reflecting the dynamics of oil prices. By today's morning quotes basket reached 37.70 (20 cents). In our view, investors reacted very nervously to reduce the price of oilbarrel to $ 60 According to data published yesterday by the Central Bank, the May trade balance surplus rose to 8.85 billion dollars (the highest level since last October).

ruble bond market participants, in our view, behave very logically, ignoring the volatility of the currency market and commodities. The main idea in the ruble-denominated bonds now - this is a further reduction in key interest rates (that they had deleted yesterday again said Finance Minister Kudrin). In addition, the vast majority of bonds of the 1 st and 2 nd levels there is still a very attractive spread to direct repo rate securities.

Quotations bond of 1-st line continues to grow slowly. The most actively traded issues today in Moscow: Moscow-63 (YTM 15.46%, 35bp), Moscow-54 (YTM 14.99%, 21bp), Moscow-61 (YTM 15.37%, 19bp), Moscow-50 (YTM 14.20%, 10bp) etc. Also a good demand for bank paper 2 nd tier: Transkreditbank-3 (YTP 14.15%), Petrocommerce-4 (YTP 15.43%), HKFBank-5 (YTP 17.23%), Zenit-5 (YTP 14.22%), which yesterday had grown up in price by about 10-20bp.


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 trades on the MICEX and read the comments on the bond market.

Authorize and appreciate the story;;

Your grade will be the first!


Analyst Ratings


Kyrgyzstan will pass a number of Russian defense enterprises, in exchange for a loan
The authorities of Ukraine and the IMF mission have reached agreement on the allocation of the next tranche of funds under the program stand by
Vladimir Milovidov: The Russian financial market stood in the standby mode
The Russian market may fluctuate until the end of August in the vicinity of 1000 points, and then move towards the values of last year
Shares of Norilsk Nickel continues downward movement within the channel
The price of oil may once again fall to $ 40 a barrel, a pair of dollar /ruble closer to the mark 34
Recommendations on the stock market: LUKOIL, MMC Norilsk Nickel, Rostelecom, Gazprom, Mosenergo, Surgutneftegaz, Sberbank
Group OMZ supply China internals for the EPR-type nuclear reactor
In the case of a puncture at the level of $ 60 per barrel - the movement to support the 55 U.S. bound



Leave a Reply
\