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MNB Daily Market Comment

Name: 24/01/2006. Arovana Capital: MNB Daily Market Comment
Creator: Cbonds
License: https://creativecommons.org/licenses/by/4.0/

24/01/2006 | Arovana Capital

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Key Points:

UST prices weakened yesterday on supply concerns ahead of the upcoming auctions.

Amid thin trading, EM debt drifted lower with UST prices.

In Russia, some marginal widening was observed as the market digested the weekend’s pipeline and power line explosions in the Caucausus.

The Russian new issue market remains quiet with the only paper in the pipeline being a new US$200 mn Russian Standard Bank issue.

Kazakhstan is seeing a more active new issue pipeline.

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