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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 trade little changed to marginally firmer around the open as more favourable risk sentiment filters through from the APAC session.
- Local OFZ bonds ended Friday's session slightly firmer with the curve bull flattening -2bp in 10-15Y yields.
- W/w, however, the curve ended steeper with the 2-5Y section of the curve -3-5bp lower, while the 15-30 Y section lifted +4-5bp on week.
- 10Y Price action remains biased to the downside with 7.00 resistance looking sticky in the near-term – 6.80 (38.2% Fib) is the next key level to the downside on a breakout through the August lows.
- RUB weakness saw 3x6 FRA-Mosprime spreads widen +10bp to +40bp at the end of last week, despite tentative signs of moderation in price pressures.
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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