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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 trade mostly mixed this morning, having ended Friday's session broadly on the backfoot.
- OFZ yields rose +3-6bp across the curve, underperforming peers SA & Turkey as risk aversion continued to hit Russian rates.
- W/w both curves ended higher, with OFZs closing bear flatter in the face of rising weekly CPI – which looks set to translate into a notably higher headline print at 7.3% y/y.
- Russia's 5Y CDS closed last week +1.89bp higher, but saw decent resistance around 90 which may prove sticky in the near-term.
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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