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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 kick off slightly weaker this morning, following on from yesterday's broadly weaker session as runaway inflation continues to dampen demand for OFZs.
- The entire curve shifted up +13-23bp, with selling pressure concentrated in 2-5Y yields as bear flattening pressure persists on expectations for tighter CBR policy.
- W/w the OFZ curve stands +50-54bp bear flatter in the 1-3Y section of the curve, with losses since the start of October extending to +94-108bp in 1-5Y yields.
- Russia's 5Y CDS has stalled out around the 80 handle, trading -2.62bp lower since Monday.
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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