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Bear Steepening Pressures Persist in USD Bonds

RUSSIA
  • Local rates remain closed for extended new year holidays until next week.
  • USD bond yields trade +1.5-4.1bp higher this morning on broad-based risk-off post-FOMC minutes, following on from yesterday’s weaker session.
  • Yields rose +1.3-3.0bp in the lead-up to the meeting, with the 15Y most offered on the day.
  • W/w the USD curve trades +18-22bp bear steeper with 15-30Y yields underperforming.
  • USD Curve 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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