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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 bonds remain Unch so far this morning, but are expected to suffer heavy selling pressure throughout the day.
- Yields rose +60-100bp across the USD bond curve which has sustained heavier selling pressure than OFZs in the lead-up.
- w/w USD bond yields trade +151-345bp higher with 3m, 4Y & 5Y tenors most offered at +280-345bp.
- W/w the OFZ curve trades +90-143bp higher across the breadth with most tenors up +90-104bp with no major bias as risk-off affects drives a shift higher in the entire curve.
- The 5Y CDS rose +83bp to 432 yesterday and should surge higher towards Crimea highs and beyond. 2014 Crimea highs: 476, Georgia highs 741.155 (2008).
OFZ Curve w/w
USD Bond 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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