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Rates Open Tentatively in the Green, Yields Higher W/W

RUSSIA
  • Local & USD rates open tentatively in the green, having sold off in yesterday's bout of risk off affecting EM Rates.
  • USDs were more resilient, with the curve bull steepening slightly against the grain in EM.
  • Contrastingly, the local curve shifted +4-7bp higher, with 5-7Y tenors most offered.
  • W/w, short duration in locals lifted +20-30bp, with the remainder of the curve +10-15bp higher.
  • Similarly, the USD curve trades +5-10bp higher in the 5-25Y section w/w
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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