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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
- Russian assets remain under pressure today following a notable shift higher in geopolitical tensions yesterday. Furthermore, Lavrov has underpinned the comments with more threats of military deployment, should security guarantee talks fail.
- USD/RUB has pared most of the morning’s breakout gap lower, trading back close to yesterday’s highs at 76.60.
- OFZs as selling off aggressively with 7-10Y yields up +28-30bp so far, while USD bonds are less offered at +4-8bp across the curve.
- 1m risk reversals have surged to June 2020 levels and multi-year highs beyond that – signifying the gravity of recent events. The 5Y CDS also resumes its uptrend (+9.6bp today)
- Russian stocks extend losses (-2.27% today) following yesterday’s 3.6% drop.
USD/RUB 1m RRs
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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