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Smart Money Seen showing Interest In 10Y OFZ linkers

RUSSIA
  • Smart money is showing interest in linkers, without waiting for the entire market to pay attention to an increase in their profitability due to accelerating inflation," - Aricapital Moscow PM
  • 2.5 bid to cover in last week's RUB 30bn 2030 OFZ auction shows budding demand for linkers at the largest auction for 2020.
  • Continued demand will be monitored closely in this week's auction (issuance details yet to be provided on Russia's DMO website)
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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