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RUB Feels the Brunt of Bond Outflows, Sanctions Risks & Weak Oil Markets

RUSSIA
  • USD/RUB feeling the brunt of some heavy bond outflows, sanctons risks related to Navalny and weakness in oil markets
  • USD curve: 5Y +5.5bp, 30Y +5.0bp
  • Local curve: 10Y +7bp, 2Y +2bp
  • USD/RUB approaching substantial resistance from 74.7390, 74.9224 & 75.0980 levels signifying previous reversal levels
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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