Research and analytics

September 03, 2004
 
CommerzbankRussian corporate snapshot117 KbEURO - Daily comments
September 02, 2004
 
Bank of America Merrill LynchRussia’s New Aries BondEURO, OTHER - Daily comments
Bear StearnsRussia: Repackaging of Paris Club Debt to Germany261 KbEURO, OTHER - Special comments
BINBankFixed Income Daily: Russian Eurobonds underperformed the rest of emerging bond markets against the backdrop of terrorist attacks and taking hostages in Russia152 KbEURO, BONDS, OTHER - Daily comments
Raiffeisen BankDaily Market Monitor: There was little optimism on the Eurobond market, too. Most issues slid on the back of modest turnover459 KbEURO, BONDS, OTHER - Daily comments
VTB CapitalFixed Income Comment: Any further attacks in Moscow are likely to adversely impact sentiment and further profit-taking can be expected269 KbEURO, OTHER - Daily comments
September 01, 2004
 
VTB CapitalFixed Income Comment: Weaker than expected US economic data proved the main market driver yesterday and the resultant impact on UST led Russian eurobonds higher273 KbEURO, OTHER - Daily comments
BINBankFixed Income Daily: Russian Eurobonds held slightly above their previous day’s levels on low investor activity throughout the day yesterday107 KbEURO, BONDS, OTHER - Daily comments
Raiffeisen BankDaily Market Monitor: We expect to see profit taking today in the Russian Eurobond market, with no major stimulus in sight in the short term431 KbEURO, BONDS, OTHER - Daily comments
Alfa BankFixed Income Market Weekly: Active buying of Russian Eurobonds will likely come to a halt after the sharp drop in spreads over US Treasury Notes110 KbEURO, BONDS, OTHER - Weekly comments
CommerzbankRussian corporate snapshot117 KbEURO, BONDS - Daily comments
August 31, 2004
 
Raiffeisen BankNo movement in the ruble bond market occurred yesterday as expensive funding due to high ruble interest rates cooled down the upward dynamics of the market425 KbEURO, BONDS, OTHER - Daily comments
BINBankFixed Income Daily: We remain bullish, targeting Sovereign spreads to narrow 50 bp over the next six months96 KbEURO, BONDS, OTHER - Daily comments
VTB CapitalRussia is expected to open this morning at similar levels to yesterday’s close128 KbEURO, OTHER - Daily comments
BINBankWith London closed today and with many New Yorkers avoiding Manhattan because of the Republican National Convention, it is a very quite day, remain overall bullish on Russia108 KbEURO - Daily comments
August 30, 2004
 
Raiffeisen Zentralbank OsterreichDaily Market Monitor:Eurobond market also demonstrated growth on Friday in the absence of negative news.Russian assets remain strongly correlated with benchmarks.384 KbEURO - Daily comments
CommerzbankRussian corporate snapshot117 KbEURO - Daily comments
August 27, 2004
 
BINBankWe are better buyers of MDM 05, sistema 08. MTS, Evraz 09, Gazprom 13 We are better sellers of Alrosa 08108 KbEURO, BONDS - Daily comments
VTB CapitalDaily markey monitor: Activity is expected to be light in advance of the long weekend but also until further details of the Paris Club debt plans are released266 KbEURO - Daily comments
Raiffeisen Zentralbank OsterreichThe first reaction to the news of potential negotiations on Paris Club debt was bearish, but positive and negative factors to balance each other today and prices to stay at current levels378 KbEURO - Daily comments
BINBankWe are better buyers of sistema 08, MMK 08, MTS, Evraz 09, Gaz 13, Sibneft 07, 09. We are better sellers of Severstral 14 and Alrosa109 KbEURO, BONDS - Daily comments
VTB CapitalDaily markey monitor: With little significant US data due today, we expect a tight price range (and a spread of 320 - 300) to be maintained,265 KbEURO - Daily comments
August 26, 2004
 
Raiffeisen Zentralbank OsterreichDaily Market Monitor:News of airplane crashes did not shake the Russian Eurobond market, though sovereign spread increased by 2bps on the back of profit taking after oil prices corrected downward.377 KbEURO, BONDS - Daily comments
Alfa BankAlfa Bank's Desk Note: Corporate Ruble Bond Market in 2004317 KbEURO, BONDS - Special comments
BINBankWe are better buyers of MDM , Sistema 08, MMK, MTS, Evraz 09, Gaz 13 We are better sellers of Alrosa and Severstal 14.109 KbEURO, BONDS - Daily comments
VTB CapitalFixed Income Comment:The actual level of confidence in the economy and the attractiveness of investing in Russia continues to generate some debate.263 KbEURO, BONDS - Daily comments
CommerzbankRussian corporate snapshot117 KbEURO, BONDS - Daily comments
August 25, 2004
 
Raiffeisen Zentralbank OsterreichDaily Market Monitor:Trading on the Russian Eurobond market was quite exciting yesterday.Russian segment remains undervalued compared to other emerging market bonds,393 KbEURO, BONDS - Daily comments
BINBankWe remain better buyers of MTS 08 and 10's, Evraz 09 (its still cheap), MMK and Aries 14 (which has lagged the rally in the R30's) We are better sellers of Severstal 14 and MDM109 KbEURO - Daily comments
VTB CapitalFixed Income Comment:Sentiment continues to be underpinned by the oil price and supportive establishment comments.346 KbEURO, BONDS - Daily comments