Domestic market: demand returns
At the ruble bond market on Thursday there has been growth in investment activity of players. We note the predominance of demand over supply, leading to the resumption of the smooth growth of prices on the ruble-denominated bonds. The stabilization of the ruble to the currency basket, in combination with widely differing moods in foreign markets allow buyers to return to the market. Nevertheless, the continuing tax payments are still shackled ruble liquidity and keep interest rates at a higher level, which hinders “bullish” sentiment among market participants. Following Thursday with the largest trade turnover increased MDM-7 (0,69% of the cost of opening on Thursday), Moskva4 (0,36%), NLMK BW-5 (0.27%), SevSt BW-1 (0,22 %), OGK6-1 (0,15%), Sibmetinv-1 (0,12%), GazpromA4 (0,11%), Railways BO-1 (0,1%), TransKred-3 (0.04% ), Zenit-3 (0.02%). Decreased quotes the following securities - System-1 (-0.03%), AHML-9 (-0.04%), CFR-16 (-0.08%), Lukoil BW-1 (-0.16%), RZD-13 (-0.24%), TransKred-1 (-0.26%), UralsibLK-2 (-0.8%).
The amount of funds on deposits and correspondent accounts on Friday morning dropped to 55.1 billion rubles. and amounted to 839.2 billion rubles. Money market rates on a comfortable low - rates Mosprime O /N - 4,69%, 1M - 5,54%, 3M - 6%. NDF curve looks as follows - 1M - 5,8%, 3M - 5,43%, 1Y - 5,95%. As a result of the second half of the trading day the dollar”has risen in price on 0,14% to 30.349 rubles., The euro fell 0.28% to 42.432 rubles. Course currency basket to the ruble fell by 0,02%, and amounted to 35.797 rubles.
Market US Treasuries and Eurobonds: still “weak” statistics
American makrostatistika continues to disappoint investors. The number of initial applications for unemployment benefits fell less projections, up to 470 thousand (-2.5%), whereas the expected reduction of up to 450 thousand (-6.6%), the total number has changed slightly - to increase to 4.602 million . with 4,599 million Number of orders for durable goods rose only 0.3%, significantly worse than forecast (2%). On the other hand some support for the stock indexes can be published corporate reporting and the comments of the Fed that the key interest rates will stay low for a long time yet. By the opening of the American market we have not seen significant returns on movements of the curve US Treasuries - UST-2 - 0.915% pa (-0.7 bp), UST-10 - 3.667% per annum (1.5 bp), UST - 30 - 4,58% pa (1.5 bp). In the segment of Russian Eurobonds has been low activity - Rus-30 “dipped” to 0.16% to 112.82% of par, the yield of the issue is 5,374% per annum (0.8 bp). Spread between Rus-30 - UST-10 narrowed to 1 bp and was 170 bp
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Analyst Ratings
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The only “fly in the ointment” in a news background - the negative data on sales of durable goods
If the wave is positive continue, paper Rosneft may test resistance as the uptrend from the July 2009
In leaders enhance the action of the banking sector: “Savings Bank” an (2,7%), VTB (3.9%), as well as shares RusHydro, which added 3,89%
Xetra DAX index rose 0.73%, FTSE 100 added 0.7%, CAC 40 rose to 0.64%
Oil prices and the Chinese Bear
Indicator RTS-2 added, following today”s session, 0,48% and amounted to the closing of 1,497.25 points
Despite the rebound, observed in the market a second consecutive session, the MICEX index is trading near the bottom of the channel
Presumably the spring is still room for growth of stock quotes ConocoPhillips
As Hoenig markets worried
On the ruble bond market on Thursday there has been growth in investment activity of players
Domestic market: demand returns
At the ruble bond market on Thursday there has been growth in investment activity of players. We note the predominance of demand over supply, leading to the resumption of the smooth growth of prices on the ruble-denominated bonds. The stabilization of the ruble to the currency basket, in combination with widely differing moods in foreign markets allow buyers to return to the market. Nevertheless, the continuing tax payments are still shackled ruble liquidity and keep interest rates at a higher level, which hinders “bullish” sentiment among market participants. Following Thursday with the largest trade turnover increased MDM-7 (0,69% of the cost of opening on Thursday), Moskva4 (0,36%), NLMK BW-5 (0.27%), SevSt BW-1 (0,22 %), OGK6-1 (0,15%), Sibmetinv-1 (0,12%), GazpromA4 (0,11%), Railways BO-1 (0,1%), TransKred-3 (0.04% ), Zenit-3 (0.02%). Decreased quotes the following securities - System-1 (-0.03%), AHML-9 (-0.04%), CFR-16 (-0.08%), Lukoil BW-1 (-0.16%), RZD-13 (-0.24%), TransKred-1 (-0.26%), UralsibLK-2 (-0.8%).
The amount of funds on deposits and correspondent accounts on Friday morning dropped to 55.1 billion rubles. and amounted to 839.2 billion rubles. Money market rates on a comfortable low - rates Mosprime O /N - 4,69%, 1M - 5,54%, 3M - 6%. NDF curve looks as follows - 1M - 5,8%, 3M - 5,43%, 1Y - 5,95%. As a result of the second half of the trading day the dollar”has risen in price on 0,14% to 30.349 rubles., The euro fell 0.28% to 42.432 rubles. Course currency basket to the ruble fell by 0,02%, and amounted to 35.797 rubles.
Market US Treasuries and Eurobonds: still “weak” statistics
American makrostatistika continues to disappoint investors. The number of initial applications for unemployment benefits fell less projections, up to 470 thousand (-2.5%), whereas the expected reduction of up to 450 thousand (-6.6%), the total number has changed slightly - to increase to 4.602 million . with 4,599 million Number of orders for durable goods rose only 0.3%, significantly worse than forecast (2%). On the other hand some support for the stock indexes can be published corporate reporting and the comments of the Fed that the key interest rates will stay low for a long time yet. By the opening of the American market we have not seen significant returns on movements of the curve US Treasuries - UST-2 - 0.915% pa (-0.7 bp), UST-10 - 3.667% per annum (1.5 bp), UST - 30 - 4,58% pa (1.5 bp). In the segment of Russian Eurobonds has been low activity - Rus-30 “dipped” to 0.16% to 112.82% of par, the yield of the issue is 5,374% per annum (0.8 bp). Spread between Rus-30 - UST-10 narrowed to 1 bp and was 170 bp
Your score will be the first!
Analyst Ratings
The only “fly in the ointment” in a news background - the negative data on sales of durable goods
If the wave is positive continue, paper Rosneft may test resistance as the uptrend from the July 2009
In leaders enhance the action of the banking sector: “Savings Bank” an (2,7%), VTB (3.9%), as well as shares RusHydro, which added 3,89%
Xetra DAX index rose 0.73%, FTSE 100 added 0.7%, CAC 40 rose to 0.64%
Oil prices and the Chinese Bear
Indicator RTS-2 added, following today”s session, 0,48% and amounted to the closing of 1,497.25 points
Despite the rebound, observed in the market a second consecutive session, the MICEX index is trading near the bottom of the channel
Presumably the spring is still room for growth of stock quotes ConocoPhillips
As Hoenig markets worried