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Bonds Remain Slightly Offered Following Robust Sell-Off/Bear Steepener

RUSSIA
  • Local & USD yields lift marginally at the open in line with weaker EM FI sentiment.
  • Locals saw selling activity across the breadth of the curve yesterday, with the belly most offered (5-8bp).
  • USD curve bear steepened into the back end of the session and continues to do so this morning (+1.6-2.1bp).
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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