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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 remain Unch so far this morning, having maintained their bearish momentum in yesterday’s session as Putin received approval to use Russia’s troops on foreign soil and the West imposed its first round of sanctions.
- OFZ yields rose +27-69bp with 5 & 15Y tenors most offered, while USD bond yields soared +38.4-100bp with the 5Y feeling the brunt of it.
- 10Y OFZ Yields are teetering on 11.00, having risen +149bp since the start of Feb. The 5Y CDS also resumed its move higher as markets become more concerned about direct clashes with Ukrainian troops in areas beyond the current LPR/DPR territories.
- Russian stocks also made a notable turnaround from -10% to +6% as sanctions proved less aggressive at this stage.
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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