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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 & USD rates trade a fraction firmer at the open, with local bonds having closed yesterday's session in the green – broadly against the grain in the EM space with higher UST yields exerting upside pressure on EM rates.
- The OFZ curve bull flattened on the day with 7-15Y yields ending -2-3bp lower after a number of successively weaker sessions.
- Price action on the 10Y pulled back towards 7.30 after making an attempt at a new YTD high at 7.35.
- Interestingly, the RSI is signalling flagging upside momentum on shorter timeframes.
- Russia's 5Y CDS also closed above the 90 handle in yesterday's session, but has dipped slightly below with this morning's price action.
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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