The yield on this Russian external bond has exploded reflecting a higher probability of non-payment by the government Posted on 2022/03/11 by Carl Robitaille 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. Yet even this elevated level doesn't capture fully the significant increase in the risk of default to creditors. pic.twitter.com/dCP8i7Uk4L— Mohamed A. El-Erian (@elerianm) March 1, 2022