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Local Rates Shed Some Gains, USD Curve Bear Steepens

  • Local & USD rates trade weaker at the open in line with a dip in sentiment across EM FI and simmering local geopolitical risks.
  • Early weakness pulls back some of yesterday's gains in local bonds with the curve closing -5bp lower in 7-15Y yields.
  • USD curve was mostly subdued yesterday, but is +2.8bp steeper at the back end today.
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

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