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
- Local & USD rates slipped into the red yesterday, with OFZ yields leading the way higher on the day – diverging from peers SA & Turkey.
- The local curve bear flattened +5bp in 2-7Y yields following Wednesday's marginally higher weekly CPI reading and remained elevated as Fed Speakers spooked markets with talk of a September announcement on tapering – setting the stage for a more interesting Jackson Hole than was previously anticipated.
- W/w the OFZ curve gave up early gains and goes not the weekend higher across the breadth with weakness concentrated in the 7-15Y section of the curve (+9-11bp).
- After an impressive move lower this week (-4.84bp) Russia's 5Y CDS stalled out in yesterday's session marginally above YTD lows at 81.196.
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