No bubble on Russian bond market – CBR deputy chairman

There is no bubble on the Russian bond market, said Alexei Zabotkin, deputy chairman of the Bank of Russia, speaking at VTB Capital’s "RUSSIA CALLING!" forum.

"I wouldn’t say there is a bubble at the Russian bond market", - he said.
Zabotkin explained, that the real rates in Russia for sovereign and corporate bonds along the yield curve are positive in real terms.

The Ministry of Finance of the RF on October 28 set a new placement record for one auction by selling OFZ bonds for RUB 430,2 bn. The primary buyers of new OFZ bond issues now are major Russian banks, which have already borrowed for the purpose over RUB 600 bn from the Central Bank.