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USD/RUB Continues Its Uptrend as Sabre Rattling Dents RUB Sentiment

  • USD/RUB moves higher towards 77.00 - breaking the consolidation range held since 24 March following escalated sabre rattling regarding the military readiness headlines
  • Next major resistance at 77.48
  • Russia diverging from the firmer trend in EM rates today
  • Local curve most offered, with yields trading +3-4bp higher in the belly
  • USD yields also trading higher across the curve, but in the +1-3bp range
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

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