11.08.2015, 14:14
Local sovereign debt: lacking momentum
OREANDA-NEWS. Like the day before, the OFZ market held an uneventful session. Liquidity remained low, thus containing any price swings. In the morning, we noted some selling pressure, with the curve moving down 0.1pp in price. However, by the evening it faded away, so the curve closed generally intact. Among the bright spots, we highlight RFLB 28 (YTM 10.88%) and RFLB 23 (YTM 11.07%, series 26215), which gained 0.2pp in price terms; inflation-indexed RFLB 23I (YTM 3.29%) closed at 94.65 (+0.1pp).
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