Start of OFZ trading, deposit rates, oil prices: digest

Top 10 deposit rates. Moscow Exchange will start trading OFZ today. Brent rose 3% in the morning. notable events,

On March 21, trading in federal loan bonds (OFZ) will be resumed on the Moscow Exchange:

From 10:00 to 11:00 Moscow time, transactions will be held in the discrete auction mode; From 13:00 to 17:00 Moscow time, the platform will launch the main OFZ trading mode, a ban on short sales will be introduced; Transactions in the currency, money markets and the precious metals market will take place from 10:00 to 19:00 Moscow time; On the derivatives market from 10:00 to 18:45, currency and commodity instruments, as well as contracts for the SPDR S&P 500 ETF Trust and the DomClick real estate index will be available.

The working hours of the Moscow Exchange for the following days will be announced later on the official website of the Bank of RUSSIA.

SPB Exchange   plans to start trading in the mode intended for private investors from 14:30 Moscow time. The 15 most liquid securities will be available for purchase: APPLE, Amazon, Boeing, Baidu, Coinbase, Meta, Alphabet, Moderna, MICROSOFT, MicroStrategy, NVIDIA, PAYPAL, Qualcomm, Tesla, Visa.

Starting from 16:00 Moscow time, 1,637 more securities of international companies will become available in the main trading mode; Additional information will be posted on Monday on the official website of the SPB Exchange.

Trading on the exchange will begin with OFZ: 5 factors that will change their market Moscow Exchange , OFZ , default , Ministry of Finance

Top 10 rates on deposits and savings accounts

The average rate of the 54 largest depository banks on deposits for a period of one year in the amount of ₽100 thousand as of March 21 is 9.57% per annum, according to the FRG100 index.

The most favorable deposit rate as of March 21, 2022 is 25% per annum.

Top 10 banks with high effective rates on deposits and savings accounts as of March 21, 2022:

Tavrichesky Bank - up to 25.10%; Sinara - up to 25%; Sovcombank - up to 25%; Post Bank - up to 25%; Novikombank — up to 25%; VTB — up to 24%; Ural Bank for Reconstruction and Development - up to 24%; Transcapitalbank - up to 23.50%; Fora-bank — up to 23.50%; Promselkhozbank - up to 23.50%.

Source: Banki.ru financial marketplace (the effective rate is calculated according to the Banki.ru methodology and is not an offer, detailed conditions are in credit institutions).

Measures to support the stock market

The Bank of Russia is launching a program to buy federal loan bonds (OFZ). This was announced on Friday, March 18, by the HEAD of the Central Bank, Elvira Nabiullina. According to her, the regulator will buy OFZs in order to reduce volatility, and after the situation on the financial markets stabilizes, it plans to sell this bond portfolio in full.

“At what levels the Central Bank will start to acquire OFZ is still unclear. We can only assume that for a number of near-term OFZs we can see a yield to maturity of about or even slightly above 20% per annum. In the current situation, it will be interesting to see what levels OFZ-IN will roll back to, the face value of which is growing along with the consumer price index. These issues may be of interest to those who want to fix profitability for years to come in excess of expected inflation,” said Vasily Karpunin, an expert at BCS World of Investments.

The head of the Central Bank announced the resumption of trading on the stock market Moscow Exchange OFZ , Banking and finance , Bonds

Oil prices

Oil prices continued to rise on Monday, March 21. At 09:01 Moscow time, May futures   for Brent crude was trading at $111.26 per barrel, which is 3.08% higher than Friday's close and 13.5% more than the local low of $98.02 reached on March 16.

May futures for WTI is up 3.28% to 106.48 per barrel.

The BCS World of Investments explains the rise in oil prices by the following factors:

Uncertainty about the risks of supply disruptions from Russia; A significant lag behind the production plan of the OPEC+ countries - in February, the cartel missed a little more than 1 million barrels per day in production relative to the established quotas; No growth in US production . Now the country produces 11.6 million barrels per day. At the same level, production was in May 2020. Since then, oil quotes have increased several times, but contrary to expectations, this has not led to a steady increase in production. Other important events

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How the previous trading session ended S&P 500 : 4463.09 (+1.17%) DOW JONES Industrial Average : 34,754.93 (+0.8%) NASDAQ Composite: 13,893.84 (+2.05%) A regulated market where sellers and buyers meet who trade in various assets: stocks, bonds, currencies, futures, commodities. Everyone can become a participant in trading on the stock exchange - for this you need to open a brokerage account. Each transaction is concluded at a market price, is completed almost instantly, and is also registered and controlled. More Futures is a kind of derivative (sometimes called “secondary”) financial instrument. In fact, a futures contract is a contract for the purchase or sale of a certain primary instrument with a deferred performance of obligations. A security, currency, raw materials can act as a primary or basic instrument. More