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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 kick off on the back foot today with yields up +2-3bp across the curve in early trading with 7Y yields most offered at +3bp.
- This follows on from yesterday’s broadly weaker session, which saw bear steepening pressures drive 7-15Y yields +3-5bp higher on the day.
- 10Y yields remain pegged within the 8.50-8.61 range, with upside momentum showing tentative signs of fading as more favourable inflation conditions emerge in December.
- Key support stands at 8.50 & 8.34. Weekly CPI will be keenly anticipated this week ahead of the CBR meeting, with the bbg consensus coalescing around a +100bp hike. 3x6 FRA-Mosprime Spreads stand at +84.5bp.
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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