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OFZ Curve Steepens W/W, 10Y Pressures 7.00 Resistance

RUSSIA
  • Local & USD rates remain subdued around the open, following on from a similar session yesterday with most tenors closing unchanged on the day.
  • 10Y yields continue to hover around 7.00 resistance, with weekly CPI registering a marginal uptick at 0.1% vs 0.01% prior.
  • W/w the OFZ curve trades steeper with 5-15Y yields positioned +5-6bp higher.
  • Russia's 5Y CDS bounces slightly this morning, having taken out June/July's lows at 82.551 in yesterday's session.


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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