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RUB Weakens, CDS Rises as Russia Threatens to Collapse Security Talks

RUSSIA
  • Collapsing of talks would undoubtedly RUB negative - unwinding some of the recent positive sentiment regarding ongoing dialogue
  • This reinforces the importance of the US written response as to whether talks collapse fully and tensions escalate meaningfully
  • Russia 5Y CDS is up +9.18bp today - above the 140 handle

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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