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Risk Premia Little Changed on US Sanctions Threats

RUSSIA
  • Local & USD rates little changed this morning, having lost ground in yesterday's session. Locals were more offered, with the curve seeing a marginal bear flattening.
  • 5Y CDS seen ticking a fraction lower this morning, pulling away from 90 resistance – but will need to clear 88 support to unlock more downside.
  • Limited reaction seen to yesterday's announcement of potential sanctions in the pipeline on Navalny & Nord Stream 2.

  • Russia 5Y CDS


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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