The Russian Ministry of Finance has suspended auctions for the…
The Russian Ministry of Finance has suspended auctions for the placement of federal debt bonds to stabilize market conditions, according to the ministry. 'By this document, the Russian Ministry of Finance informs about the suspension of auctions for the placement of OФЗ in order to assist in stabilizing market conditions.'
Consensus
- The Russian Ministry of Finance suspended OFZ auctions on July 22.
- The suspension was announced to support the stabilization of the financial market.
- The Ministry stated it would provide additional information about the resumption of auctions.
- No new auction details were provided at the time of announcement.
Points of divergence
- The last announced auction was declared unsuccessful due to no bids at acceptable price levels, and analysts noted that current market conditions require higher yields than what the Ministry considers acceptable. — fontanka
- The Moscow Exchange government bond index (RGBI) rose by 0.76% after the announcement, reaching 111.28 points at 19:18 MSK. — kommersant
Coverage (7 sources)
- The state needs money, but not at such rates. Why the Ministry of Finance put OФЗ auctions on hold — Фонтанка
- Ministry of Finance halts placement of new government bonds — Фонтанка
- Ministry of Finance suspends OФЗ auctions — Вести
- Ministry of Finance has suspended auctions for OФЗ — Коммерсантъ
- Ministry of Finance suspends placement of federal debt bonds — SOTAvision
- Ministry of Finance announces suspension of OФЗ auctions — Коммерсантъ
- Ministry of Finance cancels OФЗ auctions for the second time this month to stabilize the market — Коммерсантъ