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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.
RUSSIA
- Local & USD rates trade a fraction weaker this morning, trimming gains from yesterday’s session as selling pressure faded.
- W/w CPI also softened to +0.10% from 0.57% the week prior, providing a boost to embattled OFZs.
- VTB capital said this morning that it had little appetite for OFZs until the key rate peaks, with markets expecting another 50-100bp hike in Feb.
- W/w the OFZ curve stands +22-32bp higher across most of the curve, with 1 & 2Y yields notably higher at +63bp & +44bp respectively with geopolitical uncertainty keeping yields biased higher.
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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