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Posted inEastern Europe & Russia, Regions

RUSSIA: New Financial Instruments

4 October 1996 IN LATE 1995 AND EARLY 1996 the treasury-bill market dominated other security markets. In recent months, however, the stabilization of the currency market and the prospect of falling yields on treasury bills and other state securities facilitated the development of the municipal- and regional-bond market. Those bonds are designed to cover the […]