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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
- OFZs yields open -3-6bp lower this morning, trimming losses from yesterday’s broadly risk-off session as tensions with the West spiralled again.
- OFZ yields rose +22-35bp on the day, holding a bear steepening bias.
- Meanwhile, USD bond yields closed +9.8-40bp higher with 5-7Y tenors most offered. Credit default swaps continued their push higher, surging +42bp to trade above 250.
- 3x6 FRA-Mosprime spreads continue to widen on RUB weakness, currently holding around +178bp.
3x6 FRA-Mosp Spread
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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