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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 open a fraction firmer this morning with sentiment broadly mixed across EM FI.
- Yesterday's session saw both OFZs and USD bonds end in the green with OFZ yields dipping -1-2bp across the curve with a slight bull steepening bias following Friday's smaller than expected hike.
- 10Y yields continue to teeter around the 7.00 mark as we await weekly CPI data tomorrow for more clues on a potential moderation in CPI.
- Oscillator momentum has slipped into negative territory, but yields will need to fall below 6.95 to take the next leg lower towards 6.90-6.85.
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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