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Local & USD Rates Continue to Diverge at the Front End

RUSSIA
  • Local rates trade little changed at the open while USD bonds weaken slightly, drifting +2.2bp higher at the back end of the curve.
  • Yesterday's session saw subdued trading in USD bonds, while the local curve bear steepened +4-5bp in 10-15Y tenors.
  • W/w the curves continue to diverge at the front end, with locals higher and USD bonds lower.
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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