Free Trial
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
- OFZs kick off on the back foot this morning ahead of key meetings with Blinken & EU’s Borrell with ties severely impacted by tensions with Ukraine.
- OFZ yields trade +4-7bp higher across the curve today, having closed mostly mixed yesterday following lacklustre auctions and a notably higher weekly CPI number.
- This was driven primarily by the price of Turkish holidays (+55% w/w). Nevertheless, the entire print was broadly proinflationary with 73/93 categories registering increases or remaining flat.
- This leaves the CBR likely to make another notable hike in December in the +75-100bp range.
- W/w the OFZ curve has continued to bull steepen as markets trim rate hike expectations slightly with 1-7Y yields down -13-20bp on week.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok