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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 open slightly on the backfoot this morning as military drills in Belarus, Normandy format talks, and negotiations with UK’s Truss kick off.
- USD bonds racked up some gains yesterday with yields falling -10.6-20.8bp in 5-10Y tenors, while OFZ yields dipped -1-3bp across the curve.
- W/w the OFZ curve is positioned lower in the belly (5-10Y) and mostly flat in 15-30Y tenors ahead of tomorrow’s CBR.
- Headline CPI printed just shy of expectations at 8.73% y/y in headline, but higher in core at 9.24% yesterday.
- WoW figures suggested continued inertia in early Feb at 0.29% vs 0.19% prior. Implied market pricing dipped from +111.5bp to +97.5bp following the print.
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.
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