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USD Bonds Outperform Locals W/W, Short-Dated Yields Lead

RUSSIA
  • Local & USD rates trading marginally in the green this morning, having traded mixed in yesterday's session.
  • Local curve saw minor bull flattening: 10Y -2.0bp, 15Y -3bp, while the USD curve lifted +1.2bp at the front end.
  • W/w the curves continue to diverge, with USD bonds better bid than locals.
  • USD curve is -5-10bp lower w/w, while the local curve is bear flatter by +5-10bp in 3m-4Y yields.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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