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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 open mixed to slightly firmer this morning, having traded mostly weaker in yesterday's session.
- Local OFZs lifted +3bp at the front end of the curve (2-3Y yields), while the Remainder of the curve remained subdued.
- 10Y OFZs continued to flirt with the 7.00 handle, with the RSI showing signs of negative divergence on shorter-term timeframes.
- W/w the OFZ curve trades broadly higher across the breadth with weakness concentrated in the belly: 5-8Y yields +10bp.
- W/w Russia's 5Y CDS trades -1.2bp lower, but looks positioned for a potential move lower towards 84.00 support with moves towards 87-89 being faded quickly.
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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