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10Y Yields Move Below Weekly Support, Trade Mixed W/W

RUSSIA
  • Local & USD rates open marginally in the green this morning in line with firmer risk sentiment across the EM FI space.
  • This follows on from a moderately firmer session yesterday in both local & USD bonds, with 7-10Y tenors dipping -3-5bp lower.
  • 10Y local moves below 7.15 support with an eye on the 7.00-7.05 support zone.
  • W/w the local curve remains bear flatter with 3m-12Y tenors lifting marginally and 15-30Y tenors dipping slightly.
  • USD bonds trade mixed across the curve, with a slight bull steepening bias w/w.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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