The fall in the Russian government bond index has increased during the day.
The price falls - the yield grows. Loans become more expensive - the economy falls.
A collapse in corporate bonds will begin very soon
The price falls - the yield grows. Loans become more expensive - the economy falls.
A collapse in corporate bonds will begin very soon
Comments
Short term yield now stand at 19% and the long end at 16%
They have to fund a 4 billion+ usd deficit this year at those rates. That's an addition of 640 million interest/yr😯
And with reduced income from the sale of crude oil, i'm sure the deficit will be larger this year.
Also, more russian deserters and complaining is noted lately.
Also was the Dec 2024 spike related to the ~2T in variable-rate bonds that were placed in December?
The key rate is unchanged, but does the falling bond index correlate with rising costs of bank loans to consumers/industry?
Скачок в декабре был вызван обратным выкупом с рынка министерством финансов