On Friday, August 6, the Eurobond market was closed in plus. Issue-30 Russia has completed the bidding at 117.875% of face value, yield securities is 4.54% per annum. Issue Russia-28 closed at 179.69% of face value (yield - 5.622% per annum).
Against the background of strengthening the positions of regular Treasury bonds due to release of weak data on U.S. quotes sovereign debt of developing countries continued to consolidate. Investors did not rush to dispose of the securities in the external appearance of the negative: Spreads to UST remains very attractive point in Promsvyazbank.
However, in the corporate sector, analysts say the Bank of Moscow, the good news from Europe (Spain debt auction, testing, Greece, the press conference, Jean-Claude Trichet and the growth of industrial orders in Germany) have contributed to good growth over Russian Eurobonds.
Next week, investors' attention will be directed to the Fed decision on rates, but at the end of five days out statistics on consumer prices and retail sales in the U.S. in July. The Fed meeting will be held on Tuesday.
