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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 mixed this morning, on the back of yesterday's broadly weaker session.
- OFZs continued to fall yesterday in line with EM FI following the FOMC minutes, erasing early gains in the week following signs of moderating price pressures.
- 10Y OFZs retraced the majority of this week's move lower, with saw renewed buying interest ahead of 7.00 resistance.
- W/w the OFZ curve trades with a marginal net bull steepening bias with 1-10Y yields -2-5bp lower, while 20-30Y yields trade +3-4bp higher.
- Russia's 5Y CDS pared most of the move towards 89.00 yesterday, but remains +1.93bp w/w -relatively lower than peers SA & Turkey.
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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