Russia’s debt market entered October on the optimistic note. Those investors who did not give in to emotions survived market turbulence and managed to gain fat profits. The smartest traders were those who decided to keep long positions despite downbeat macroeconomic data from the US. Indeed, the bullish strategy proved its efficiency. The patient investors have benefited from a winning streak of the Russian debt securities that pushed other assets up. Demand for the Russian bonds have been snowballing, so that even cautious investors entered the bull market betting on a further rally. Neglecting sovereign credit ratings, the bulls were encouraged by soaring yields of the Russian debt securities. Bank of Russia Governor Elvira Nabiullina announced that the regulator had two more rate cuts on the agenda until the year end. This statement was another catalyst for the rally in Russia’s debt market. Investors cheered such prospects and increased long bets. In turn, the robust demand inflated prices of the government bonds. Besides, Russia’s finance ministry held the auction of federal loan bonds that revealed high demand among foreign investors. Now experts predict a buzz in Russia’s stock market. Meanwhile, Russian stocks are trading quietly, but the market could become a bonanza in the short term.