Russian Financial Sector Update

Bank of Russia FINANCIAL SECTOR OVERVIEW The Central Bank of the Russian Federation SECURITIES MARKET (5) In April-June 2018 non-residents share in the OFZS reduced from 34.5% (01.04) to 27.6% (29.06) Figure 33: Since June 14, 2018 there was a shift up in the OFZ yield curve (by 27 bps on average, %) Figure 34: Non-residents' holdings of OFZS (%) Spread 14.06.2018 - 28.06.2018, bps, rhs 06.04.18 10.04.18 14.06.18 28.06.18 8.1 7.7 7.3 6.9 6.5 יון!! 36 33.1 30 50 10 40 24 30 18 20 12 10 6 36 28.2 6.1 0 1 2 3 5 7 10 15 0 Years to maturity 01.18 02.18 03.18 04.18 05.18 06.18 07.18 Source: Bank of Russia, National Settlement Depository

View entire presentation