OREANDA-NEWS. On Friday, the pressure on the market mounted, pushing the curve up 10-15bp yield wise. The long end surrendered 0.4-0.6pp in price, with RFLB 28 (YTM 10.69%) edging down at 76.75. The belly weakened on average 0.4pp, but RFLB 21 7.60 (YTM 10.81%)  lagged, losing in price 0.6pp. The short notes traded 0.1-0.3pp in the red, so the curve retained its hump shape, moving to the 10.70-10.85% range.

Maxim Korovin, Tatiana Zueva
VTB Capital analysts