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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

RUSSIA
  • Local & USD rates trade mixed at the open, with locals drifting -1bp lower.
  • Friday's sessions saw locals sell off quite substantially, despite firmer risk sentiment across EM FI with the curve bear flattening.
  • This may be reflective of hawkish positioning into this week's CBR, with CPI data expected to tick back towards the 6% mark in May.
  • 3x6 FRA-Mosprime spreads ticked lower on Friday in line with RUB strength, now +75bp.


3x6 FRA-Mosprime Spreads

MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com