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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.
RUSSIA
- Local rates remain unch this morning, while their USD counterparts trade +2.2-3.6bp higher with a marginal bear flattening bias holding in early trading.
- 10Y OFZ yields fell yesterday in line with broad-based risk-on, but failed to break below 8.30 support.
- CPI surprised higher in the final days of 2021 at 8.39% y/y, adding uncertainty to split expectations for December’s +100bp hike to mark the end of the cycle with more now favouring another hike in Feb.
- 3x6 FRA-Mosprime spreads rose to +66bp from +50bp prior to the print, suggesting a more pessimistic bias from the market regarding a near-term moderation in price pressures.
3x6 FRA-Mosprime Spreads
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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