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Russian Rates Firm in Post-FOMC Risk-On

RUSSIA
  • Local & USD rates open on the front foot amid broad-based risk-on post-FOMC.
  • USD yields lead the way lower (-2bp) with gains distributed evenly across the curve while locals remain more subdued.
  • Yesterday's session saw both curves bear steepen, with price action in locals slightly more pronounced.
  • W/w the local curve trades +20-25bp in short-duration (3m-2Y), with the remainder of the curve marginally higher.
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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