lY - 5Y 10-20bp USD 3M LIBOR Reuters Page <DBMP> Regulatory: Government bonds, including OFZs. are fully euroclearable. so one can trade both on MICEX and OTC with e/c settlement. Foreigners don't pay any taxes, only locals. Avg. ticket size: USD 1 - 3 mn Bid/ask spread: 20 - 30 bp Ref. source