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30-Day Grace Period Triggers on Radio Silence from Russia RE USD Interest Payments


FX/FI MARKETS (FX Open, Stocks Closed)

  • FX markets are due to open again, while stocks remain closed until Monday. Global risk sentiment continues to improve on the back of PBoC support, progress in Ukraine negotiations and a relatively upbeat assessment of the US economy from Powell that supported stocks post-FOMC.
  • Radio silence from Russia on payment of the $117m in interest on its USD debt to foreign investors means the likely triggering of the 30-day grace period today and a default day on 15 April.
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

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