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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 rates kick off on the front foot this morning with yields -2-4bp lower across the curve – led lower by 7-10Y tenors.
- This comes on the back of a second successively moderate print in December weekly CPI figures at 0.06% - adding weight to expectations for a softening in inflationary pressures in Russia.
- OFZs gained ground in yesterday’s session in the lead-up to the Fed, with signs falling inflation likely to provide a more constructive backdrop for local bonds going into 2022.
- W/w, however, yields remain higher across the curve with a slight bear steepening bias with 15-30Y yields up 6-7bp
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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