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Weekly Buying Momentum Stalls Out In Russian Rates

RUSSIA
  • Local & USD rates trade mixed to slightly firmer at the open amid patchy risk sentiment.
  • Yesterday both closed play in the green with a slight bull steepening bias.
  • W/w, however, Locals are mostly bear steeper (+8-10bp) in 15-30Y tenors
  • Meanwhile, USD curve has flattened by 5bp on either side of the curve with the front-end dipping and back-end lifting.
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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