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USD Bonds Rally as Risk Sentiment Picks Up, Geopolitical Tensions Ease

RUSSIA
  • Local & USD rates open firmer this morning with USD bond yields -2.4-7.4bp lower across the curve and outperformance concentrated in 5-7Y tenors.
  • This follows more positive sentiment surrounding the Ukraine crisis following Macron’s visit to Kyiv and has been complimented by a strong APAC session.
  • Credit default swaps have dipped -10bp this morning, consolidating below the 200 handle as Western appetite for dialogue makes a notable overnight increase.
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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