Russia FX/Rates Snapshot - March 31, 2021
The focus today will be Biden's infrastructure proposal, as well as the ADP US labor report for March. We think that if the latter comes out close to expectations, it is unlikely to push UST yields higher, as for the 10y to move beyond 1.70-1.75% a new trigger is needed, in our view. In addition, the dollar has also advanced significantly recently, including due to the portfolio rebalancing at the end of the quarter, and a correction might emerge. If this happens, the ruble could recover to 75.5.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.