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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
RUSSIA
- Local & USD rates seen little changed to slightly firmer at the open, having closed yesterday's session bull flatter with 7-10Y yields ending 3-5bp lower.
- 10Y yields saw price actions lip below the 7.50 handle, having peaked at 7.75 last week – retracing towards the 32.8% fib of the 02 Aug-06 Oct range.
- W/w the OFZ curve trades 3-6bp lower across the breadth, despite upside pressure remaining robust as reflected by the rise in weekly CPI yesterday: CPI weekly YTD rose to 5.71% from 5.48% (+0.22% WoW).
- 3x6 FRA-Mosprime Spreads have now stabilised around +75bp – with pricing alluding the possibility of another two hikes in the 50 + 25bp range or a prolonged series of three 25bp hikes over a 6m horizon.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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