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Market Snapshot: RUB Slides, 5Y CDS Spikes as Ukraine Gets Hit with Cyberattacks

RUSSIA
  • Risk-off hitting Russian assets as concerns over an imminent invasion rise with Ukraine hit by cyberattacks.
  • Russia’s 5Y CDS has surged 66bp today alone, now above the 400 mark.
  • USD/RUB trades +2.47% higher with a breakout higher opening 81.9373 & 82.83 to the topside (2020 highs)
  • USD bond yields are also up +81-95bp and climbing
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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