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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 mixed around the open this morning, with 7-10Y OFZs regaining 3bp of yesterday's weakness in early trading.
- Yields rose across the breadth of the OFZ curve with 2-7Y yields rising +12-17bp on the day – maintaining the recent bear flattening bias on concerns of a tighter stance from the CBR into 1Q22.
- W/w the curve trades +25-34bp higher in 1-10Y yields, with the long end of the curve proving more resilient.
- 10Y yields continue to hover around 8.30 resistance, with an eye on the prior peak at 8.3837 to see if the move continues higher or runs out of steam.
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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