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OFZs Bull Steepen W/W, Despite Firmer Higher Weekly CPI Print

RUSSIA
  • Local & USD rates open little changed amid muted holiday markets, having closed yesterday’s session mostly firmer across the curve, despite Wednesday’s higher weekly CPI print.
  • 3y Yields dipped -3bp, while 10Y yields rose +3bp – moving closer to the 8.50 handle again.
  • W/w OFZs have held onto bull steepening gains with 1-3Y tenors -18-32bp lower on week, while 10-30Y tenors stand +5-8bp higher on week.
  • OFZ Curve w/w


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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