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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 and USD bonds open slightly firmer this morning with OFZ yields -2-3bp lower across the curve in early trading.
- This follows a broadly mixed session on Friday as geopolitical uncertainty continues to keep risk flows into Russian assets tentative.
- W/w the OFZ curve snapped a multi-week weakening stint, with the curve shifting lower and bull flattening.
- 20-30Y yields outperformed, falling -21-25bp as pathways for de-escalation emerged, but whether both sides can meet in the middle still remains to be seen.
- Credit default swaps closed the week marginally higher (+13bp) after failing -31bp from the peak on Tuesday.
OFZ curve w/w
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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