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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.
RUSSIA
- Local & USD rates remain unch so far this morning, having seen a second successive session of bull steepening.
- 2-3Y yields fell -11bp each with the 2Y slipping below 8.50 support as markets anticipate a softer CBR stance and an easing in inflation pressures.
- Next key support is at 8.35. followed by 8.00 & 7.56. Meanwhile the 5Y CDS showed little interest in Putin’s “military-technical” approach to NATO as the comment had been made by Ryabkov over the weekend.
- PPI & Weekly CPI data will be watched closely for further signs of a moderation in inflation in December that has been supporting tentative optimism in OFZ markets in recent weeks.
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.
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