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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.
RUSSIA
- Local & USD rates kick off on the front foot this morning, retracing most of yesterday's weakness as higher UST yields kept EM rates higher throughout the session.
- OFZ yields stand -6-10bp lower this morning, almost fully paring yesterday's move higher. 10Y yields have pulled back closer to the 8.50 handle, but still remain within their broad uptrend.
- Weekly CPI & PPI data will be watched closely today for signs of sustained proinflationary pressures, which have been keeping OFZ bulls on the side-lines.
- 3x6 FRA-Mosprime spreads remain wide at +163bp.
3x6 FRA-Mosprime
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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