Russian Finance Ministry thinks yields too high on bond market.

(From Interfax)

MOSCOW. Oct 22 (Interfax) - Russia's Finance Ministry is concerned about the high yields on the domestic government debt market, Deputy Finance Minister Bella Zlatkis said.

High yields on the GKO treasury bill and OFZ federal bond market are one the market's problems, Zlatkis told reporters. With inflation forecasted at 12% for 2003, a yield over more than 16% for medium-term OFZ is too high. "Excessively high yields indicate that investors consider us a high risk."

 
 
      Zlatkis  said  more  financial instruments and  action  from  the 
financial  authorities  was  needed  in  order  for  banks  to   invest 
 

Another …