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Local Bonds Shine W/W, 5-7Y Tenors Outperform Ahead of Today's CBR

RUSSIA
  • Local & USD rates trade little changed around the open, having continued to bull flatten in yesterday's session.
  • Local bonds outperformed their USD equivalents with 10 -15Y yields dipping -8-10bp on the day in the lead-up to today's CBR.
  • W/w the local curve has shifted -10-20bp lower across the breadth with 5 & 7Y tenors leading the way lower.
  • Similarly, the USD curve trades lower across the breadth, notably in 5-8Y yields, but only -5bp lower on week.


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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