Rus News Journal

The market of not state promissory notes

Banks have gone again on increase of rates under bills

According to a number of participants of the market of not state promissory notes, transactions with bills of banks began to consist much less - the majority of dealers prefer exchequer obligations and the state short-term bonds. The amplified competition has compelled many banks to go for increase in interest rates under the bills.

Against general falling of interest to the bank bills stable enough demand bills of Tveruniversalbanka which unlike other bills let out by banks are used not only as accumulation means, but also as possibility of reception of credits continued to use.
past week the Capital bank of savings after enough long time has gone on increase of interest rates under the bills. Greatest of them is necessary now on the three-monthly bill, and for the bill for the sum over billion makes 145 % annual. According to representatives of bank, bills for references over two weeks for the sums from 100 million to 1 mlrd roubles are most popular. Increase of rates has led to increase in sales volume which past week has considerably exceeded sales volumes of the last weeks.
the interesting situation has developed with bills of Issue syndicate. As it has been declared by representatives RBD, the bills which are written out by the broker house, continue to be in demand at dealers. Therefore profitableness on them remained at former level - 87,2 % annual. the the participant of the market, the above at it interest rates is less reliable. And clients should choose: reliability or high profitableness - the emitter has commented on the price policy. However, according to a number of dealers, reliability also does not suffice the bills of Issue syndicate which are written out by the Russian broker house. On information, now the greatest demand exists on the bills which are written out by one of members of syndicate - Inkombankom. Issue of these bills makes only 1 mlrd roubles, and in the market they practically are not present.