July 07, 2016 | Cbonds
|Fyodor Bagnenko, Fixed Income Trader, Dragon Capital:|
The market was more or less stable yesterday, with the sovereign closing 0.25pt lower as its morning weakness was erased by PM Groysman’s comments that suggested the next IMF tranche was forthcoming. State-owned banks remained well bid, adding 0.25-0.5pt. Corporates, while seeing little action, were generally better bid.