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Russian USD Curve Favoured Over Local as Bull Flattening Resumes

  • Russian USD curve opens lower after bull flattening in yesterday's session.
  • Front end playing catch up this morning -2.1bp. 30Y USD approaching key sup at 3.30, opening a move to 3.25 on a breakout.
  • Local curve continues to diverge higher around +3 to +4bp yesterday.
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

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