Russia FX/Rates Snapshot - April 13, 2021
Today, the geopolitical situation seems relatively stable, and the ruble is trading around 77.4, but the global strengthening of the dollar and the rising UST 10y yield have continued. This is likely related to positioning ahead of the US March inflation data due today, with the risk for a high reading above the expected 0.5% m-o-m pace. If that turns out to be the case, then we would see the UST 10y yield again approach 1.75%, while the dollar's advance would likely pick up steam. Against this backdrop, the ruble could slide to reach 77.7 and the euro 1.185.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
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