Free Trial

Bear Flattening Pressure Resumes in Local Bonds: +15-31bp W/W

RUSSIA
  • Local & USD rates trade slightly weaker at the open, broadly in line with early sentiment out of APAC and the rise in US Treasury yields in yesterday's session.
  • Yesterday saw the local curve bear flatten +3bp in the 2-3Y section of the curve, while the USD curve lifted +1.8bp in the 15Y tenor.
  • W/w the local curve trades bear flatter, with selling pressure concentrated in 3m-1Y yields (+15-31bp) with the remainder of the curve +5-10bp higher.
  • By contrast the USD curve trades mixed across the breadth, with little discernable direction as muted trading resumes.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

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.