RUSSIA: US Extends Sanctions Relief on Russia Banks for Energy Deals

Apr-30 07:41
  • The US Treasury Department renewed a sanctions relief for at least 10 Russian banks, including the central bank, to allow energy-related operations amid rising energy costs, Bloomberg report citing a statement released yesterday evening.
  • Local news flow has otherwise been limited today. Note that Russia celebrates Labor Day tomorrow.
  • There are no economic releases scheduled for today, with the local slate thin for the remainder of the week. Manufacturing PMI data for April (Est: 54.6; Prior: 55.7) is set for release on Thursday and is the only data point of note this week.

Historical bullets

MNI: POWELL SAYS PCE INFLATION CAME IN LINE WITH EXPECTATIONS

Mar-29 15:26



  • MNI: POWELL SAYS PCE INFLATION CAME IN LINE WITH EXPECTATIONS

MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%

Mar-29 12:30



  • MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%
  • US FEB PCE PRICE INDEX +0.3%; +2.5% Y/Y
  • US FEB CORE PCE PRICE INDEX +0.3%; +2.8% Y/Y
  • US FEB UNROUNDED PCE PRICE INDEX +0.333%; CORE +0.261%

FRANCE AUCTION PREVIEW: On offer next week

Mar-29 10:32

E11.0-12.5bln of LT OATs on Thursday 4 April (a slightly smaller auction than in February or March):

  • the 3.50% Nov-33 OAT (ISIN: FR001400L834)
  • the 3.25% May-55 OAT (ISIN: FR001400OHF4)
  • the 4.00% Apr-60 OAT (ISIN: FR0010870956)
  • the 1.75% Jun-39 Green OAT (ISIN: FR0013234333)
Up to E7.2bln of 13/22/24/51-week BTFs on offer Tuesday 2 April:
  • E3.1-3.5bln of the new 13-week Jul 3, 2024 BTF
  • E0.1-0.5bln of the 22-week Sep 4, 2024 BTF
  • E1.3-1.7bln of the 24-week Sep 18, 2024 BTF
  • E1.1-1.5bln of the 51-week Mar 26, 2025 BTF