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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 open weaker this morning, weighed down by weaker global risk sentiment following higher Chinese CPI & PPI.
- OFZs continued to rally yesterday after falling just short of the March 2020 highs and 8.50 psychological level.
- 5-10Y yields outperformed on the day falling -9-11bp, with the 10Y drawing closer to the 8.00 level.
- Global focus will be on US CPI today, while locals will gauge GDP, weekly CPI data and auctions of RUB20bn in 2031 & 2036 OFZs.
- Interestingly, 3x6 FRA-Mosprime spreads dropped -30bp yesterday and have settled around +91bp this morning ahead of weekly CPI figures.
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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