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Positive Momentum Holds in Russian Rates, Curves Lower W/W

RUSSIA
  • Local rates trade mixed at the open while USD bonds kick things off on in the green, maintaining positive momentum from yesterday's session.
  • W/w local curve is positioned 5-12bp bull steeper, while the USD curve has seen more bids in the belly (5-8Y tenors -14-16bp) but is broadly lower across the breadth.
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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