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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 on the backfoot this morning with yields +4-8bp higher in OFZs and +1-3.5bp in USD bonds with a bear flattening bias holding.
- W/w the OFZ curve stands +17-27bp bear flatter in 3m-2Y tenors, while 20-30Y yield managed to register a 2-6.5bp decline.
- Uncertainty remains high ahead of Lavrov-Blinken talks today, with markets anticipating little progress – keeping risk flows to RUB assets light in the lead-up.
- Softer WoW inflation hinted at a near-term moderation in price pressures, but markets will monitor the next two weeks of data more closely to assess the veracity of the decline.
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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