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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
- 3x6 FRA-Mosprime spreads have continued to narrow this morning, despite comments from Nabiullina warning on the risks of “underestimating the sustainable character of inflation.”
- Nabiullina also noted that expectations remained de-anchored and that CPI would only return to the 4% target by end-2022.
- 3x6 FRA-Mosprime spreads have narrowed an additional -15bp today, now hovering around +85bp down from a peak at +178bp last monday.
- Similarly, forward rates in SA have also dipped -8bp today to hold around +30bp, down from +52bp prior to the discovery of the Omicron Variant.
3x6 FRA-Mosprime Spread
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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