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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 trade slightly weaker at the open, maintaining bearish momentum from yesterday's broadly risk-off session.
- Yields rose +15-31bp across the curve as the US made threats of sanctions and geopolitical posturing resumed its upward course.
- 5-10y tenors felt the brunt of the move, rising +24-31bp on the day with the 7y up +3bp this morning with 9.00 resistance looming above.
- Russia's 5Y CDS continues to rise towards the March/April highs just short of 120 as geopolitical brinkmanship shows no signs of de-escalating just yet – now +34bp above the October lows.
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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