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Schroders Trims Russia Exposure, Expects Additional Sanctions

RUSSIA
  • Combination of potential sanctions, rising U.S. yields and a firmer dollar have all been key factors to remain cautious on Russian risk
  • Has trimmed some positions in local bonds over the past two weeks; is underweight Russia
  • Expect additional sanctions, though the coordination with the U.K. and Europe could water them down to some extent
  • Expects rate-hiking cycle to start later this year due to higher inflation
  • Lower supply of local bonds will help curb future selloffs in rates
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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