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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, with OFZs marginally in the red and USD bonds tentatively in the green.
- Yesterday's session saw both curves end flat to firmer with price action getting choppy around US retail sales.
- W/w the OFZ curve trades higher across the breadth with a slight bear steepening bias: 20-30Y yields +9bp higher.
- Meanwhile, USD bonds trade -5-7bp lower across the curve on week.
- Downside momentum in Russia's 5Y CDS has slowed somewhat, but still remains compressed vs the likes of Turkey – seeing an idiosyncratic move higher on low monetary policy credibility.
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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