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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 mixed around the open with a slight bull steepening bias in both curves after Friday's broadly weaker session.
- Russian rates have come under renewed pressure as a result of US threats of debt sanctions with the local curve rising +7-12bp on week as the news broke.
- Weakness was concentrated in 7-10Y tenors of the OFZ curve – which rose +6bp in Friday's session.
- 10Y yields stand marginally below YTD highs at 7.34, but will need to move through 7.30 to take the next leg higher.
- Russia's 5Y CDS rose +1.67bp on Friday for a weekly gain of +9.61bp but held below 87.00.
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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