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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.
RUSSIA
- Local & USD rates kick off mixed this morning, with OFZs slightly weaker and USD bonds marginally firmer.
- Yesterday’s session saw OFZ yields continue to fall -3-7bp with 3-10Y tenors most bid on the day. W/w this has driven a bull steepening of the OFZ curve as returning RUB strength sees markets trim rate hike bets for the coming months.
- 3x6 FRA-Mosprime spreads stand at +116.5bp, down from +154.5bp last Friday.
- Credit default swaps have also fallen -30bp this week with tensions thawing slightly as talks become more drawn out, but no fresh escalations emerge.
OFZ Curve w/w
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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.
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