Hint mode is switched on Switch off

SpreadMonitor Russia - 2Q 2004

14/07/2004 | S&P Global Ratings
Download
Authorization required
You need to request access

The second quarter of 2004 was characterized by volatility and lack of liquidity in the domestic and internationa l financial
markets for Russian borrowers . The inter-bank market contracted as several banks had their licenses revoked. On the
Russian federal bond market (OFZ), volatility continued to rise, while yields trended higher (the reference OFZ basket yield
rose by 157 basis points (bp) to 5.7%). Due to second-quarter changes in the reference basket, published spreads are not
directly comparable to previous data. Changes were made due to the maturity of the SU27013RMFS0 issue. Eurobond
spreads widened almost across the board for Russian issuers, with only a few issuers seeing their reported spreads tighten
(see table on page 10). Under current turbulent and illiquid market conditions, spread indications are driven by many factors
in addition to changes in credit quality and should be interpreted with particular caution.

Explore the most comprehensive database

1 000 000

bonds

80 234

stocks

167 970

ETF & Funds

70 000

indices

Track your portfolio in the most efficient way

  • Bond Search
  • Watchlist
  • Excel ADD-IN
×

— Are you looking for the complete & verified bond data?

— We have everything you need:

full data on over 900 000 bonds, 80 000 stocks, 116 000 ETF & Funds; powerful bond screener; over 350 pricing sources among stock exchanges & OTC market; ratings & financial reports; user-friendly interface; available anywhere via Website, Excel Add-in and Mobile app.

Register
×

Why

You will have detailed descriptive & pricing data for 650K bonds, 76K stocks, 8K ETFs
Get full access to the platform from any device & via Cbonds app
Enhance your portfolio management with Cbonds Excel Add-in
Build yield maps, make chart comparison within a click
Don't wait any longer — start using Cbonds today! Register
Registration is required to get access.