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Rates Trade Mixed as EM Traders Eye US Treasury Yields

RUSSIA
  • Local & USD rates trade mixed across the board amid bumpy global risk sentiment.
  • Russian rates traded broadly in the red yesterday, with the local cure lifting +4bp across the breadth.
  • USD bonds held up slightly better, but still bear steepened - easing +2-2.5bp higher.
  • Focus will be on US Treasury yields today for risks to more volatility in the EM FI space.
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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