Russia FX/Rates Snapshot - June 8, 2021. May Inflation Data Removes Any Doubt That CBR Will Hike Rates by 50 bps on Friday
This morning, the ruble slipped to 72.9 as the dollar clawed back some of yesterday's losses. The Finance Ministry has just two OFZs with a fixed coupon that are available for tomorrow's auction: the 4y OFZ 26234, with just R7 bln left to be placed, and the 10y OFZ 26235, with R77.2 bln left.
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