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OFZs Firm W/W, 10Y Stalls Out Above 6.80

RUSSIA
  • Local & USD rates start the session mixed, with local bonds slightly softer and their USD equivalents a fraction firmer.
  • Yesterday's session saw local bonds pare early strength to end mostly flat on the day after a robust start to the week.
  • W/w the local curve has seen gains concentrated in the belly with 8-10Y yields ending -8-10bp lower on week with the rest of the curve also marginally lower.
  • 10Y yields have stalled out around 6.80 and may drift back to 7.00, should price action fail to move below 6.80.

  • OFZ Curve W/W Change




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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