Key expectation

Key expectation What profitability debt papers the Rigid monetary policy bring Central bank Russian Federation (Bank Russia) ceased to have negative impact on the debt market. Profitabilities of state bonds fell by 110–167 bps and lower than 12% per annum returned to level. The index of state bonds characterizing cost of a portfolio, grew since the beginning of month almost by 5%. Waiting for end of a cycle of increase of a key rate interest to medium-term bonds — both state, and corporate grows. Photo: Ivanko Igor, newspaper "Kommersant" Rates dump weight On Friday, November 24, an index of the state...