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Russian Rates Take a Breather, CDS Choppy

  • Local & USD rates are little changed at the open, despite firmer risk sentiment across the EM FI space.
  • Both USD and Local curves remained largely subdued in yesterday's session, closing marginally in the red.
  • Local 10Y failed to hold onto a move below 7.15 support, now pressuring lateral resistance at 7.1763.
  • 5Y CDS -1.88bp this morning, after rising +3.981bp in yesterday's session.
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

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