Footnote:
In: Russian Economic Developments. No. 2, 2015, pp. 9-13
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 24, 2015 erstellt
Description:
The MICEX Index skyrocketed in January 2015, gaining 16.44% in the period between the 5th and 26th of January. The Index hit its highest 1671.8 points on the 23th of January. At the same time, the crude oil Brent futures price dropped to 48,1 US dollars a barrel in the same month. The stock market capitalization by the 26th of January amounted to Rb 25,6 trillion (36.1% of GDP) (Rb 22,3 trillion as of the 19th of December last year). Both the accelerating dynamics of average weighted bond yield, tending towards deceleration though, and the deteriorated investment environment in the secondary market remained the key downtrend factors in the corporate bond market in January. The volume and the index of the corporate bond market saw positive dynamics while bond issuers and investors were highly active in the primary market. The situation with issuers' failure to discharge their obligations to bondholders saw some worsening early in the year