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OFZs Slip Ahead of Weekly CPI & Auctions

RUSSIA
  • Local & USD rates trade mixed this morning, following on from yesterday's broadly weaker session.
  • OFZs slipped in yesterday's session with yields drifting +2-3bp higher across the curve.
  • 10Y yields failed to consolidate gains below 7.00 as markets await weekly CPI data for signs of a softening in stubborn price pressures.
  • OFZ auctions of July 2031 & May 2041 bonds will be eyed today for signs of demand following last week's CBR.

MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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