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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 & USD rates open firmer with yields -6-8bp lower in OFZs and -3.8-9.1bp in USD bonds with a bull steepening bias holding on the back of yesterday’s de-escalation.
- OFZ yields fell -16-33bp yesterday with gains concentrated in 7-10Y tenors, while USD bond yields fell -24.6-32.4bp with the 15Y most bid.
- The 5Y CDS dropped -30bp yesterday and a further 11.83 this morning, but remains 29.32bp above the 10 Feb lows and 88bp above the Jan 05 lows at 120.
- This risk premium could narrow further on additional signs of troop pullback from Ukraine’s border as the West remains sceptical at this early stage.
- W/w CPI & PPI data will be eyed for signs of moderating price pressures this afternoon.
Russia 5Y CDS
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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