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2Y Yields Snap Weekly Losses as CPI Data Looms

RUSSIA
  • Local bonds unch this morning, while their USD equivalents continue to trade mixed.
  • Local bonds gained some marginal bull steepening momentum in yesterday's session with 2Y yields dipping -3bp to snap last week's bear flattening trend as markets price in a more aggressive CBR hiking cycle.
  • 10Y yields managed to hold below 7.20 but appear to be losing downside momentum somewhat.
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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