-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessWide Bid-Ask Spread Adds Challenges to RUB Trading; Risk Sentiment Sours in Global Markets
- USD/RUB trades with multiple onshore quotes with the BGN around 106.32 & the REGN quote at 96.91.
- The BGN quote rose +4.02% yesterday, trading in a wide 25.49% range within the 96.68-121.32 range, while the REGN held +1.19% higher at 96.91.
- Given the breadth of the bid-ask spreads all are notably hard to trade and will hopefully normalize in a matter of days when the MOEX returns.
- Retail sales and Weekly CPI figures are of interest today, but will not reflect the true impact of the wave of inflation and decline in economic activity to come from the invasion.
- The situation on the ground remains tense with fighting in key cities still ongoing as Russia builds its position around Kyiv. Russian forces established a land bridge around the Sea of Azov yesterday, and Putin warned of large strikes coming on state security infrastructure as he turns up the heat on the conflict.
- Risk sentiment soured yesterday in line with the escalation as many companies pulled out of Russia’s economy and EU members confirmed SWIFT disconnection for various Russian banks.
- Oil and Natgas have surged +5.86% & 23.41% this morning with analysts noting the strongest fundamental backdrop for oil in over a decade with IEA releases being insufficient to offset its rise.
- Prospects for a ceasefire remain low at this juncture as Russia’s forces seek to encircle Kyiv as their primary objective before coming to the negotiating table.
- Nevertheless, the damage to Russian assets will be evident once markets reopen and the likely ensuing recession that the massive hike in rates a destruction of supply chains will bring.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.