RUSSIA: Kremlin Speaks On Putin-MbS Call, Blinken In Kyiv & Wagner Group

Sep-06 09:50

Russian state media reporting that President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed Bin Salman held a call earlier today in the wake of the agreement between the two OPEC+ members to extend the current voluntary oil production cut through to year-end. RIA reports that the two agreed that 'arrangements on oil production reduction ensure market stability'.

  • TASS reports that MbS thanked Putin for supporting Saudi Arabia's BRICS accession, and that Putin briefed MbS on Russia's aims for its BRICS presidency in 2024.
  • Kremlin spox Dmitri Peskov on US Secretary of State Anthony Blinken's visit to Kyiv today: States that 'Its clear that the US plans to keep supporting Ukraine to wage war to the last Ukrainian...US Support will not change the outcome of Russia's special military operation.'
  • On speculation of US-Armenia holding joint military exercise: 'It requires alertness from the Russian side...Russia will closely follow the situation.' The drills, announced earlier today by the Armenian Defence Ministry, are likely to cause significant concern in Moscow. Russia views itself as the pre-eminent military player in the South Caucuses, and indeed Armenia is part of the Russia-led Collective Security Treaty Organisation (CSTO).
  • On the UK's designation of the Wagner group as a terrorist organisation: 'The group does not exist from a legal point of view.' The death of Wagner leader Yevgeny Prighozin and his deputy in a plane crash seems to have removed the last vestige of the group's independence, at least within the borders of Russia.

Historical bullets

DUTCH T-BILL AUCTION RESULTS: 4/6-month DTC result

Aug-07 09:47
Type 4-month DTC 6-month DTC
Maturity Nov 29, 2023 Jan 30, 2024
Amount E2bln E1.18bln
Target E1-E2bln E1-E2bln
Previous E760mln E1.22bln
Avg yield 3.575% 3.600%
Previous 3.405% 3.350%
Bid-to-cover 1.6x 1.89x
Previous 2.55x 1.91x
Previous date Jul 03, 2023 Jun 05, 2023

OAT: Basis trade

Aug-07 09:46

OAT Basis, suggest cash seller:

  • 2.37k at 126.40.

BONDS: Schatz Swap trade

Aug-07 09:44

Schatz swap, suggest payer:

  • DUU3 5.6k at 105.11.