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Local & USD Yields End the Week Higher

RUSSIA
  • Local curve unch at the open while optimism in USD bonds fades on the back of rising UST yields.
  • Overall, the USD curve ends the week ~6-8bp higher in the belly and back end after another choppy week, while locals rise >10bp in the 2-8Y portion of the curve w/w.
  • OFZs shunned slightly, given threats to debt sanctions.
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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