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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 remains under pressure at the outset today with both curves trading +2-4bp higher at the start of play.
- Selling pressure remained high in yesterday's session with the OFZ curve ending +5-10bp higher across the breadth with 7-10Y yields still the most offered. 10Y yields have now pressed past the 7.50 mark and are en route to the 61.8% fib of the 07/09/18 – 18/05/20 range if the inflation picture does not change for the better.
- CPI will be in focus today, expected to tick higher before eventually moderating in November.
- However, given the wide inaccuracy of CPI projections in Russia – markets will likely be cautious of calling a peak too early, despite much cheaper valuations.
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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