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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 trade little changed around the open today, having gained across the curve in yesterday's session.
- 10y yields retested the 8.50 handle, but failed to close below the level, while 2y yields failed to establish a new high – falling below 8.80.
- W/w the curve remains bear flatter at the front end amid geopolitical tensions and a weaker RUB driving up rate hike expectations for December.
- Weekly CPI also remained robust yesterday, printing at 0.2% vs 0.18% prior – adding to hawkish inputs in the CBR's reaction function.
- 2-7Y yields stand +30-38bp higher w/w, while 3x6 FRA-Mosprime spreads remain around the +160bp mark.
OFZ Curve w/w
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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