9h Not getting the coverage it deserves is the ongoing collapse of the Russian bond market.

I have been reading that Putin does seem to have some cash flow problems.



Jay in Kyiv
@JayinKyiv
·
9h
Not getting the coverage it deserves is the ongoing collapse of the Russian bond market.

With non-resident holders of Russian bonds now at less than 3%, and the only buyers being Russian banks that are FORCED to purchase using government repo cash, Russia's pension funds and insurance companies are the last standing, but now liquidating as the dash for cash continues.

Interest rates of 50% likely on the horizon, as the 1990's returns.

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