Abstract
The MICEX index fell to 1413.8 points by the 17th of December, following the five-year highs early in December. It is only VTB’s shares that demonstrated growth among highly liquid shares during the same month. The stock market capitalization as of the 19th of December amounted to Rb 22,3 trillion (34.4% of GDP). The domestic corporate bond market in December saw a downtrend induced by both external and internal trends. Rapid growth in the average weighted bond yield, as well as decrease in the market index and investing activities in the secondary market (especially in the production sector) became the key adverse factors in the market. The situation with bond issuers being able to fulfill their financial obligations before bondholders remained tense and made a certain contribution to the growth in bond yields.
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