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Why MNI
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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 AccessCEMEA Rates Snapshot: SAGBs Lead the Pack, Russia Lags
Mixed trading is the order of the day today, with SA outperforming and Turkey and Russia locals underperforming their hard currency equivalents.
- SA: Local curve seen bull flattening -6-8.3bp, with duration outperforming. 10Y yields stalling somewhat around 9.05.
- Turkey: Local curve trades bear flatter on the day with 3-5Y yields most offered at +4-6bp.
- By contrast, the USD curve is mostly in the green across the breadth with gains concentrated in 5-10Y tenors.
- Russia: Local bonds the notable underperformer in the region, maintaining their bear flattening bias: 2Y +4bp, 3Y +3bp, 5Y +6bp – possibly pricing in a more hawkish CBR this week.
- USD bonds trading little changed to slightly firmer across the breadth: 5Y -2.3bp.
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.