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Local Bonds Weaken as Putin-Biden Summit Comes Into Focus

RUSSIA
  • Local & USD rates open marginally on the backfoot this morning in line with more tentative risk sentiment ahead of today's FOMC & Biden-Putin meeting.
  • Local bonds sold off in yesterday's session, lifting +3-8bp across the curve with 3Y tenor most offered as rising US Treasury yields put upward pressure on EM FI.
  • USD bonds were mostly subdued, trading mixed across the curve.
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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