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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 kick off slightly firmer this morning with 7-10Y yields down -3-4bp at the start of play after a broadly weaker session yesterday, despite the constructive Biden-Putin meeting.
- OFZ yields rose +4-8bp across the curve with 5 & 10Y tenors most offered, while the USD curve bear flattened +5.2-8.2bp in 2-5Y tenors.
- The 5Y CDS dipped slightly following yesterday’s meeting, and is now teetering on 110 support with 100 the next notable downside level.
- CPI data will be watched closely today ahead of next week’s CBR meeting with markets pricing in 100bp of hikes in 3x6 FRA-Mosprime spreads.
3X^ FRA-Mosprime Spread
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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