Foreign investors were disappointed in the Russian State Dome and a week from November 22 to 28, the bonds of the federal loan (OFZ) were sold to a total of a billion dollars, writes Kommersant with reference to Ing Ing.
Non-residents have more actively sold out the medium-term issues of OFZ with repayment in February 2024. The positions of foreigners in them decreased by 16.5 billion rubles, or by 4.85 percent. In second place to reduce positions – paper with repayment in February 2027. The outflow of non-resident funds from them amounted to eight billion rubles, or 2.55 percent.
The yield of non-residents from the Russian public debt has become part of the overall trend on the sale of papers of developing countries. In November 17 to November 24, foreign investors brought 1.3 billion dollars from Global Emergency Markets bond funds, which was the worst indicator over the past six weeks.
Contrary to the sale from non-residents and the growth of yield, which was supposed to follow, rates on the Russian debt market are decreasing for several days in a row. According to the results of November 29, it amounted to 8.33 percent of the annual for ten-year-old OFZs, which are considered to be a landmark among the state absentee.