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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 open in the red this morning, with US concerns over the Russian troop build-up near Ukraine spooking markets somewhat.
- OFZs trade +4-5bp higher across the curve, while USD bonds also hold +2-3.5bp higher at the start of play.
- This reverses some of the gains made in yesterday's session following Wednesday's improved weekly CPI reading, but OFZs still remain on track for a weekly gain.
- Most notably, 7-10Y yields stand 25-27bp lower w/w, while the remainder of the curve holds -16-23bp lower.
- Russia's 5Y CDS is also rising against the grain in EM today, up +3bp while SA and Turkey remain lower – potentially pointing to idiosyncratic geopolitical concerns over Ukraine & Belarus.
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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