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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 kick off marginally on the back foot this morning, maintaining yesterday's bearish momentum.
- OFZs continued to underperform, with the curve bear steepening +7-9bp in 7-15Y yields.
- 10Y yields lifted +9bp, moving above the 7.40 mark with the next major resistance level at 7.50, followed by 7.80.
- Similar to OFZs, USD bonds also sold-off, but with a bear flattening bias with 2Y yields rising +9.4bp on the day.
- Russia's 5Y CDS continued to rise yesterday and is exerting pressure on the 90 handle early this morning.
OFZ 10Y
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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