Trading the Potential for a Russian Sovereign Debt Default
Risks in the global financial system appear to be rising as recent reports indicate Russia may soon default on its sovereign debt obligations.
Risks in the global financial system appear to be rising as recent reports indicate Russia may soon default on its sovereign debt obligations.
The “yield curve” interest rates have (deservedly) received an outsized amount of attention in recent weeks. This was particularly true in the second full week of August, when yields on most worldwide sovereign bonds slumped as investors clamored to buy them. Bond prices and bond yields historically share a very strong inverse relationship, so as … Continued