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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 tread water around the open this morning, having remained on the backfoot in yesterday's session.
- OFZ yields rose +8bp in the 5-10Y section of the curve as geopolitical concerns continued to weigh on Russian assets.
- Nevertheless, markets will be keeping an eye on weekly CPI this week after a smaller increase to 0.09% last week prompted some buying activity on tentative expectations for a moderation in inflation into year end and 1Q22.
- 10Y yields have retraced towards the 76.8% Fib of the recent downleg, with a move above 8.30 resistance opening up the prior highs.
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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