Russia FX/Rates Snapshot - September 29, 2021. Ruble Moves Lower on Rising UST Yields
Yesterday, the ruble was trading at USD/RUB 72.5 early in the day, buoyed by the sharp rise in oil and gas prices. However, the surge in energy prices is fueling inflation expectations. Against this backdrop, the US 10y yield climbed around 5 bps to 1.55%. This pushed EM currencies sharply lower later in the day yesterday. The ruble fell as low as 73 but subsequently managed to stabilize at 72.8, where it is trading this morning.
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.