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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
- Local & USD bonds little changed around the open after a broadly firmer day yesterday as EM FI sentiment ticked up.
- Local bonds outperformed their USD counterparts, with the local curve bull steepening -4-6bp in 2-3Y yields.
- Conversely, USD bonds bull flattened with 15Y yields leading the way -4.2bp lower.
- W/w the local curve is positioned bear flatter with 3m-6m yields +21-23bp higher, while the remainder of the curve treads water less than +5bp higher.
- The USD curve is lower w/w but with a less discernible bias, 1Y -10bp, 15Y -8.5bp.
- 5Y CDS has traded choppily this week, pegged within the 86-87 range.
Russia Local curve w/w change
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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