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FX, bonds and rates weekly
The ruble weakened by 0.5% against the dollar last week to USD/RUB 73.2, while most EM currencies showed a similar trend.
Negativity predominated on global debt markets, with the UST10’s yield gaining 2 bps to 1.34%. EM peers followed a similar path. OFZ yields also increased.
On the money market, we expect the RUONIA rate to fluctuate within a range of 6.50-6.60%.