Free Trial
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
- OFZs open +1-7bp higher in early trading, but will likely continue to suffer losses in today’s session following g the recognition of the DPR & LPR.
- Yesterday’s session saw OFZ yields rise +34-77bp across the curve, while USD bond yields lifted +28-51bp. This trend should remain entrenched as the West deliberates on sanctions.
- However, the early stages may be limited and focused on DPR & LPR positions as Russia has not made any “further” incursions into “new” Ukraine territory.
- Credit default swaps are likely to continue to surge higher, having risen +40bp yesterday to 323 – eclipsing the prior high at 276.
- This remains well short of the 2014 Crimea highs at 628, however. Next major levels at 385, 419 & 485.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok