OREANDA-NEWS. The OFZ market traded on a stronger footing yesterday, with the yields on the long end down 20-25bp, while belly moved 45-50bp lower. The offer from foreign accounts faded away, while locals remained on the bid. On average, prices moved up 1.0-1.2pp along the whole curve. Today, the Ministry of Finance is offering RUB 15bn of RUONIA-linked bonds maturing in 2020.

Maxim Korovin, Tatiana Zueva
VTB Capital analyst