The growth of quotations US Treasuries today will contribute to the weak makrostatistika on Wednesday and scheduled redemption Fed long UST

Domestic

Cooling on world stock pads, and gradually gets to the more conservative, lower-income markets. Ruble bond market also does not remain on the sidelines.On the secondary market, we are increasingly seeing the sale and the total dynamics of quotations was changed from positive to neutral.

With the largest turnover in the environment on the secondary bid grew Lukoil-19 (1.01% of the closing price on Tuesday), VC-Invest1 (0,68%), CFR-10 (0.66%), TGK2 - 1 (0.61%), MosObl6 (0,32%), Karelia, 12 (0,29%), TGK1 2 (0,19%), Tatfondbank-4 (0.09%), StrTrGaz 2 ( 0.06%), Renaissance-1 (0.03%). Decreased quotes the following Paper - MTS-4 (-0.02%), VTB-Leasing-2 (.- 0.02%). VTB-6 (-0.03%), Zenit-3 (-0.05%), System-1 (-0.06%), FGC-5 (-0.1%), CFR-16 (-0 , 11%), CFR-12 (-0.57%), UrSI-8 (-0.76%).

At the primary market have passed placement OFZ-25065 to be repaid in March 2013. The demand exceeded the offer of 1.4 times, and the result was added 14.8 billion rubles. weighted average yield of 12.12% per annum. In the process of placing issues in the NWT-6 at 3 billion rubles., Luke Oil is planning to deploy to the environment, August 5, 3 3-year bond issuance of stock to 5 billion rubles. each, and, finally, the company Mechel started praysing his release, Mechel-4 to 5 billion rubles.

Ruble liquidity continues to shrink under the pressure of tax payments. The amount of funds on deposits and correspondent on the morning of the environment increased by 43.6 billion rubles. and amounted to 664.5 billion rubles. As a result, banks are increasingly participating in the auctions bezzalogovyh Bank of Russia, although money market rates have remained at low levels. Following the decline in the prices of black gold does not matter itself felt, and the Russian ruble. The second half of the trading day on Wednesday, the dollar rose 1.21% to 31.475 rubles., The euro rose 0.84% to 44.41 rubles. Course bivalyutnoy basket of the ruble grew at 0.98%, and amounted to EUR 37.262.

Market US Treasuries and eurobond

As we have noted above - in the global stock markets after a wave of growth once again prevailed bearish trend, the reason for which the data were likely consumer confidence index for July (46.4 against the prediction of 49 points). Published on Wednesday on orders for durable goods confirms fears of investors - a decrease of 2.5% against the expected decline to 0.6%. On the other hand orders for goods excluding transportation equipment rose by 1.1% (forecast - 0%), indicating a decline in consumer demand for cars, airplanes and other transportation equipment.

Thus, growth of quotations US Treasuries today will contribute to the weak makrostatistika on Wednesday and scheduled redemption Fed long UST. A contrary pressure on 'risk tools will provide the primary issue UST-5 to $ 39 billion in pre-market opening on Wednesday curve US Treasuries declined, especially in the far end - UST-2 - 1.111% per annum (-2b.p.), UST -10 - 3.648% per annum (-4b.p.), UST-30 - 4.504% per annum (-5b.p.).

In the segment of Eurobonds fashion at the Russian declines - Rus-30 dropped in price on 0,38% to 100.02% of face value, return the release of 7.494% per annum (5b.p.). Spread between the Rus-30 - UST-10 increased by 9 bp to 385b.p.


In Bond Market You can find information on issues of corporate and municipal bonds, as well as learn about the planned deployment, the results of bidding for MICEX and read the comments on the bond market.

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Analyst Ratings


European markets are growing, despite the negative dynamics of futures for U.S. indices, the strongest in the last 8 months of the fall of the Chinese market
Euro stabilized in the new range of 1.4050-1.4300
Vague and contradictory news von Tuesday mislead investors
The course is kept buying the dollar unchanged - the evening review of cash markets
Tigipko believes that in the near future should not expect profits from banks
Opinion: Market today can be considered a rate 8 grn /dollar.
Futures on the RTS index fell for the day at 4.49% to a value of 94 550 items
The majority of Russian companies traded in negative zone, the most serious losses demonstrate shares of banks
At the end of the trading the MICEX currency market the U.S. dollar at the ETC in the calculations tomorrow was 31.3872 rubles. the dollar

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