Template-Type: ReDIF-Article 1.0
Author-Name:Nikita Andrievskiy
Author-Name-First:Nikita 
Author-Name-Last: Andrievskiy 
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name:Elizaveta Khudko
Author-Name-First:Elizaveta  
Author-Name-Last: Khudko 
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title: FINANCIAL MARKETS IN FEBRUARY 2015
Abstract:  Over the course of February 2015, the MICEX Index continued to grow and hit its four-year record high of 1,809.6 points. The stock market’s capitalization index as of 25 February amounted to Rb 27.4 trillion (or 38.6% of GDP). As before, the situation in Russia’s domestic corporate bond market was unfavorable – mostly due to the eff ects of adverse external factors. The main negative feature of that market continued to be the high rate of weighted average effective yield on corporate bond issues, although it displayed a moderate downward trend (especially in the hi-tech sector). On the whole, the key indices of the Russian domestic corporate bond market, including the market volume and the market index, and the activity of the market’s biggest bond emitiers and investors, showed a positie trend. The emitiers were becoming less punctual in fulfi lling their obligations to their bond holders.
Classification-JEL: G1, G3, G15
Keywords: Financial Markets
Journal: Russian Economic Developments
Year: 2015 
Issue: 3
Month: March
Pages: 13-17
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/472Khudko.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:472