Free Trial

CEMEA Rates Snapshot: Russia Bull Steeper, SAGBs Give Up Gains

EMERGING MARKETS
  • Russia local bonds moderately firmer somewhat against the grain, while SAGBs give up early bull flattening gains. Turkish bonds trade mixed to lower, with USD bonds underperforming.
  • SA: SAGBs retracing early strength as risk sentiment sours somewhat. 10Y now trading marginally in the red, while 15 & 30Y tenors tread water marginally in the green.
  • TURKEY: Local curve trading flatter from both ends with 2-3Y tenors rising +2-5bp, and 5 & 10Y yields dipping -3-4bp. USD bonds offered across the curve with weakness concentrated in 5 & 7Y tenors (+2.6-2.8bp)
  • RUSSIA: Local bonds seen outperforming regional peers somewhat, maintaining bull steepening momentum from yesterday's session: 2-3Y yields -3-5bp lower. USD bonds mixed to little changed.
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.