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USD Rates Hardest Hit as Ukraine Tensions Build

RUSSIA
  • USD rates hardest hit today amid Ukraine uncertainty
  • Yields up +47.4-111.7bp with 5 & 15Y tenors most offered so far
  • OFZ weakness is less pronounced with yields up +2-13bp with the front end most offered
  • Russia 5Y CDS is up +10.1bp, 17bp shy of the 350 mark having pulled back from a high of 356.92
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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