Fixed Income Regional Market Watch report covers the range of EUR and USD state and corporate Eurobonds issued in CIS, Caucasus, Eastern Europe and extended Region
The positive news regarding vaccine development have boosted investor sentiments
Emerging market currencies and stocks have been big winners, alongside the value stocks beating the growth stocks
Prospects of improving demand also positively affected the commodity price dynamics
Government of Georgia introduced a second wave of mobility restrictions
GDP growth in October retreated to -3.9% YoY as opposed to 0.7% drop in September 2020
Higher budget deficit target was agreed with the IMF mission
Despite some strengthening in the regional currencies, the USD/GEL exchange rate remained at around 3.3 over the last couple of weeks
Share of non-residents in government securities remained stable at 11.0% in October
Central Bank of Turkey delivered long expected rate hike of 475 bps setting policy rate at 15.0%
Russia’s GDP drop widened to -4.7% in October following the 3.0% drop in September
The National Bank of Ukraine left the key rate unchanged at 6.0%
