Domestic

Working week on domestic bond market has started traditionally is disabled. The next major tax payments to the budget, scheduled for Tuesday and Friday, and the IPO will compress the ruble liquidity, thus constraining the demand for paper. News background with stock markets still remains mostly neutral, despite the nascent optimism. Stable, comfortable price levels in the commodity markets support Russian Ruble on key international currencies.

At mid-day trading on Monday with the largest turnover grew Mechel-2 (0,66% of the closing price on Friday), OGK2-1 (0,31%), CFR-16 (0,31%), MTS -3 (0.25%), Zenit-3 (0.02%). Decreased following quotation securities - GazpromA4 (-0.11%), Gazpromneft4 (-0.14%), Chelyabinsk Pipe-1 (-0.56%). Out of interest in the primary market during the current week placement exchange-traded bonds Mosenergo to 2 billion rubles. and four editions AHML to 7 billion rubles. each.

The total volume of ruble liquidity of commercial banks for correspondent accounts and deposits with the CBR on Monday morning continued to decline, dropping another 13.9 billion rubles - up to 670.2 billion rubles. As a result of the second half of the trading day on Monday, the dollar fell by 0.69% to 31.429 rubles., Euro 0,65% to 45.036 rubles. As a result - a course against the currency basket of the ruble fell by 0,66%, and amounted to 37.556 rubles.

Market US Treasuries and eurobond

neutral speech B. Bernanake that against the backdrop of very weak statistics was seen as a reason for cautious optimism, and the next wave of primary emission volume of $ 109 billion, have increased sufficiently aggressive sales market US Treasuries, resulting in the curve of Treasury bonds rose by 10-13 bp up.

In anticipation of the opening of U.S. markets on Monday UST curve took the form below - UST-2 - 1.074% per annum (-2b.p.), UST-10 - 3,58% per annum (1b.p.), UST - 30 - 4.383% per annum (1b.p.). In the segment of Russia's Eurobond is still working oil factor and the demand remains - Rus-30 grew at 0.24% to 102.33% of par, the yield of the issue is 7.09% per annum (-6b.p.). Spread between Rus-30 - UST-10 narrowed by 7 bp to 351 bp

Ministry of Energy will develop a model of accident-free heating season
The technical analysis of currency pairs
Review of the precious metals market for 21.08.09
Substantive session Monday on FORTS ended in the green zone, the volume of trading amounted to $ 1 697 580 053
RTS has completed the first trading session this week, increasing to 4.15%, and finally recovered at 1 094.00 points
At 18.00 Moscow time the MICEX index compared with the value at closing of the previous trading day increased by 1.474% to 1122.35 points
Net profit of Sberbank under RAS for 7 months of 2009 decreased by more than 90% to 6.8 billion rubles
Overview of the situation on the grain market, from 14 to 21 August 2009.
ECB does not intend to weaken support the European economy