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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
- OFZs open 3-8bp firmer this morning across the curve, having traded choppily throughout yesterday’s broadly risk-off session around the FOMC meeting.
- Weekly CPI showed no sign of letting up just yet at 0.22% vs 0.10% prior, while PPI printed below expectations at 28.5% for an overall mixed picture of price pressures.
- W/w OFZs remain offered with the curve shifting +37-66bp higher across the breadth with a slight bear steepening bias on the back of geopolitical risks.
- Credit default swaps eased yesterday, however, falling -11bp to trade back below 250.
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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