With dollar prices plummeting to the 40s, the yield on this Russian external bond has exploded reflecting a higher probability of non-payment by the government.
— Mohamed A. El-Erian (@elerianm) March 1, 2022
Yet even this elevated level doesn't capture fully the significant increase in the risk of default to creditors. pic.twitter.com/dCP8i7Uk4L
The yield on this Russian external bond has exploded reflecting a higher probability of non-payment by the government
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