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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
- Local & USD rates kick off on the back foot this morning, following higher weekly CPI yesterday, rising 2-5bp across the curve with a slight bear steepening bias: 2Y +4bp, 7Y -4bp, 10Y -4bp.
- This retraces most of the strength seen in yesterday's session with the curve closing flatter at both ends: 2Y +4bp, 7Y -4bp, 10Y -5bp.
- W/w the OFZ curve stands notable bear flatter in line with expectations for higher inflation and a tighter CBR policy stance going into year-end.
- 1-5Y yields stand +52-57bp on week, while 15-30Y tenors trade +13-21bp higher. Russia's 5Y CDS hit the brakes at 80 support yesterday, having fallen -2.63bp since Monday.
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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