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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
- Selling pressure continues on OFZ markets this morning, with yields +4-5bp higher across the curve in early trading following higher than expected headline CPI.
- 10Y yields have now lifted above the 10.70 mark as carry potential continues to be eroded by runaway inflation.
- W/w the curve stands +20-29bp higher across the breadth with a slight bear flattening bias as markets anticipate a more hawkish reaction from the CBR at its upcoming meeting as inflation continues to develop above forecasts.
- 3x6 FRA-Mosprime spreads have widened +47bp since Friday's close, now trading at 107.5bp.
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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