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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.
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Free AccessBonds Rally As US-Russia Tensions Ease, But Sanctions Tail Risks Remain
- Unsurprisingly, Local & USD rates bid across the curve at the open on signs of US-Russia de-escalation and dialogue and a partial unwind in the embedded geopolitical risk premium.
- USD bonds move 3.2-9.1bp lower across the curve, bull flattening at the long end and outperforming locals.
- Local bonds shift 3-5bp lower across the breadth of the curve.
- Although dialogue is a positive development for RUB assets, it still doesn't mitigate the likelihood of reprisal for the SolarWinds hack and election meddling -which Biden swore a response to.
- US has not said these measures (supposedly intended for this week or next) have been delayed or cancelled. Focus today on 2028 & 2031 OFZ auctions for renewed demand.
To read the full story
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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.