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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
RUSSIA
- Russia’s 5Y CDS surges above 2008 highs from the Georgia invasion, up 430bp on the day. Situation appears to be accelerating with extensive aerial assets being deployed near Kyiv including helicopters, missiles and aircraft.
- USD/RUB has retraced firmly following the initial spike higher with the CBR pledging FX intervention and liquidity support for OFZs.
- USD/RUB (+2.00%), down from over 8% - now trading near 82.81 (around the 76.4% Fib level of the breakout gap)
- MOEX (RUB denominated) & RTS (USD) also trimmed losses from -45-52% to 33-36% at present.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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