Free Trial

RUB Little Changed Following +100bp Hike, Bonds Bear Flatten

RUSSIA

Market Reaction:

  • Mixed reaction for USD/RUB, which is mostly unchanged as markets priced in the larger +100bp step towards the end of the week in line with the amended bbg consensus.
  • Russian bonds bear flattening post decision, reflecting the more hawkish bias of the statement – in line with our +100bp scenario.
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.