Despite the dynamics of oil and exchange rate, expected rate of NDF go down

Written by admin on July 3rd, 2009

no fresh ideas, forward to reducing the rates of CB

yesterday on debt and money markets is issued ordinary rather boring day bivalyutnaya basket weak mark traded around 36.85 rubles. This morning, because of fallen prices of oil market opens closer to 36.90 rubles. The only thing we would like to draw attention to the one positive point: the beginning of the month, despite the dynamics of oil and exchange rate, expected rate of NDF went down.

At the debt market continues a smooth (10-20bp on the day) increase in the most liquid bond quotations of 1-st and 2 nd tier. It seems that it happens, primarily because the market has created expectations ordinary konsensuns-lowering key interest rates of Central Bank in the next week or two. Yesterday we noticed that very actively traded bonds RZhD: Issue RZhD-12 (YTP 14.78%) gained at a cost of about 30bp, about 20bp went RZhD-16 (YTP 14.74%). At first, after placing the paper can not grow out of the large volume of suggestions, but now seems to be distributed among the participants of the bond market more evenly.

Moskomzaym also yesterday announced that the July 8, will hold a placement new release Moscow 63 to 15 billion due in October 2014. Last week, Moscow has already deployed approximately 20.3 billion of new debt. Recall that while the city plans to place another order of 16 billion rubles. Some are concerned that the last chapter Moskomzayma S. Pakhomov did not rule out another increase in borrowing program this year. A particular reaction in the secondary market, the news has not caused.


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.

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