Support The Moscow Times!

Bond Demand Weak

Foreign investors stayed away from Russia's first bond auction since the presidential election, with the Treasury selling just 8 billion rubles ($270 million) of a planned 45 billion rubles worth of seven-year bonds at an auction Wednesday and demand reaching only 9.1 billion rubles.

The average yield at Wednesday's tender was set at 7.75 percent, the upper boundary of the 7.65-7.75 percent yield guidance announced Tuesday, with the government accepting almost all bids.

The auction was the first in two weeks and was also the first so far this year that was not oversubscribed.

(Reuters)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more