Halister News

(Bloomberg) -- Some investors are moving from fixed-income into pure RUB plays, Citi analysts led by David Lubin, Luis Costa say in research note.

• Citi presents feedback from meeting clients in U.S.
• Interest in OFZs remains high, more in “belly” than back- end
• “Dream curve for a macro investor is the curve where the CB

keeps conditions very tight, currency in order, and small cuts are being delivered over time. For them, Russia seems to be ticking all the boxes”

• Closes short ZAR/RUB recommendation w/ total 5.2% loss