Free Trial

Rates, Swap Curves Bear Flatten as CBR Front-Loads Hikes

RUSSIA
  • Local rates little changed at the start of the week, while USD bonds firm slightly in the belly.
  • Friday saw the local curve bear flatten in line with swaps, highlighting the front-loaded nature of Friday's surprise +50bp hike from the CBR.
  • W/w Local curve trades flatter on both ends, while the USD curve remains -5-10bp 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

To read the full story

Close

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.