Flat dynamics prevailed in Eurobond market. Outperformers: EVRAZ and Vimpelcom. Comment: VTB, UBRD, Rostelecom

Global markets and macroeconomic news
• Moderately negative mood persisted in global markets yesterday.
• On Thursday market situation will be defined by US statistics

Bond market
• Eurobond market has performed flat dynamics for several days in succession. However, many traditionally more volatile Eurobonds outperformed.
• Yesterday OFZ market prices consolidated at the reached levels.
• Corporate bond market traded flat with slack dynamics and no trading ideas.

Money market
• Money market situation is demonstrating first signs of rebound after the tax payment period. Meanwhile, the rates remain high.

Comments
• VTB completed the additional placement of its perpetual Eurobond. Positive for the bank’s financial stability. Eurobonds remain attractive
• Yesterday the Finmin made an unplanned placement of 7-year OFZ 26208 worth 30 billion rubles that the ministry did not manage to sell last week.
• UBRD (Withdrawn/В/-) is conducting the secondary placement of Series 2.
• Yesterday Rostelecom (-/ВВ+/ВВВ-) opened the order book for classic bonds of Series 15 and 17 worth 5 and 10 billion rubles respectively.