Free Trial

Local Bonds Firm Ahead of CBR, Risk Premia Compress

RUSSIA
  • Local & USD rates open marginally on the front foot this morning in line with firmer EM FI risk sentiment.
  • Both curves traded mixed to yesterday's session, following US CPI data and market preparations for today's CBR meeting.
  • W/w the local curve is positioned +10-15bp bear flatter in 3m-3Y yields, while the USD curve trades marginally lower across the breadth w/w.
  • Russia's 5Y CDS continues to slide below 90, -6.79bp w/w.


Russia 5Y CDS

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.