Options on the OFZ. Russia: New inflation linked OFZ instrument

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    The Russian Finance Ministry sold The prospect of Russia adopting a new system to cleartransactions warmed up demand at the auction. Russian bond trading is set to become easier for the world'stop investment banks with the creation of a new centralsecurities depository and admittance of international settlementbank Euroclear to the Russian market within the next few months. The average yield at the auction was at the lower end ofinitial guidance of 7. Bids up to the cut-offyield totalled