Daily Market Monitor: The Russian eurobond market followed global market trends on Tuesday and Wednesday

The rouble bond market has been enjoying a favourable
exchange rate environment in recent days and we expect that
continuing rouble appreciation could support the papers on Thursday.
However, a potential correction in the exchange rate (likely given
significant FX market volatility – both local and global) could have the
opposite effect.
The Russian eurobond market followed global market trends on
Tuesday and Wednesday. UST yield dynamics translated nearly
entirely into Russian assets to make the Russian market quite volatile.
New U.S. figures on jobless claims (309k initial, 2963k continuing)
and durable goods orders (0.0%) could bring new momentum to the
market should they deviate from expectations.