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Date: 9 months ago   Category: Finances

Whether there is a sense to invest in eurobonds of sanctions banks?


The ruble at last wins back serious falling to dollar and euro. Earlier he fell on news about new American sanctions which can mention a sovereign debt of Russia. What's next? Photo: depositphotos.com Ruble for the first time for the last week has suspended falling and has become stronger in relation to dollar and euro. Interfax reports about it. At the same time at euro the Russian currency has won back even more, than at US dollar. The first transactions at the Moscow Exchange have passed in range of 66,94 — 67,12 rubles, following the results of the first minute of the auction the course has made 66,94 rubles (-85,75 kopeks to the level of the previous closing). Euro has fallen up to 76,48 rubles (-84,75 kopeks). In what reason? The independent analyst Dmitry Stepanov:dmitry Stepanov the independent analyst "The quotation of ruble and to dollar explains, and euro very strongly depends on how euro is trading concerning dollar. A picture such is that investors quite actively sell the last several months euro, buying dollars because discount rate of FRS is very high while the European Central Bank shows quite conservative policy and holds rates at zero level. It is a certain kerri-trade therefore the dollar gradually and quite steadily becomes stronger against euro. Respectively, all investors, including in Russia, now quite accurately buy the European currency, she is simply banal is less profitable. If to consider a situation in general at the ruble exchange rate, last week has shown turning of a kerri-trade. The exchange rate came to the level at which the kerri-trade became unprofitable for investors because decline of ruble became more, than the yield on federal loan bond and other state papers. Investors have entered the markets, a certain vacuum was formed, quite logical correction therefore, it is possible that it will even continue, the ruble can become stronger some more follows after that". Whether there is a sense to invest in eurobonds of sanctions banks or eurobonds of Russia which already are in circulation and don't fall under new American sanctions? The price of these papers has fallen in recent days, and profitability has grown. It is worth waiting a little with their purchase, the CEO of investment partnership of "Van Der the Black" Stanislav Mashagin:stanislav Mashagin the CEO of investment partnership of "Van Der the Black" "Considers how it seemed that the idea good, I didn't recommend to buy them right now. The matter is that still some sales will affect the price, you can acquire a bit later these papers at more favorable price, not everything is won back as it seems to me. Here, probably, it is necessary to wait for the end of August — the beginning of September to make such decision. If already now profitability arranges, you believe in reliability and solvency of institutes, then it is possible to acquire them. It is just possible to earn slightly more if papers are on sale further though it can be only in case of direct distribution of sanctions and other problems which can cause also complexity with acquisition of this paper. It is also necessary to think of that to hold such bond

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