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Local Bonds Bear Flatten W/W, 3m-1Y Tenors Most Offered

RUSSIA
  • Local & USD rates open slightly weaker this morning in line with tentative global risk sentiment.
  • Local curve lifted +2bp higher in yesterday's session with selling pressure mostly seen in 3-5Y tenors.
  • W/w the local curve continues to bear flatten +10-25bp, with 3m-1Y tenors most offered.
  • Price action is relatively more muted in USD curve, with yields mixed to lower across the breadth by 2-4bp w/w.
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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