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Russian Stocks, Bonds, Ruble Soaring On Putin's "Diplomacy"
It seems the US "costs" are not working on Russian assets. Apparently on the back of diplomatic-sounding comments from Putin, Russian stocks, bonds and currency are the new fear-of-missing-out trade and are soaring:
- *GAZPROM +7.3%, MOST SINCE MARCH 4; ROSNEFT +4.6%, MOST SINCE SEPT 2013; SBERBANK +10% MOST SINCE NOV. 2011
- *RUBLE EXTENDS ADVANCE VS BASKET, STRENGTHENS 1.1% TO 41.2082
- *RUSSIA'S 2027 OFZ BOND EXTENDS GAINS, YLD DROPS 28BPS TO 9.19%
Unfortunately US equities are not so exuberant...
Russian stocks are soaring...
And the Ruble is strengthening...
As Bonds are bid once again...
And US equities are in free fall...
"Costs"
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At least we have HFT which provides liquidity!
http://finance.yahoo.com/q?s=wfm
How is it that Russia is paying 9% on 10 year notes while Spain is paying 3%?
Because you have to convert to Rubles to buy those bonds.
I know literally zero about the Russian bond market, but as I pull up risk analysis, it seems that Spain is in way worse shape than Russia is. Moreover, there are over 150 million people using Ruples. I have a hard time believing that they cannot flot bond yields without the support of foreign investors.
it has more to do with the currency than the bond market. You are risking getting paid in devalued Rubles.
I did a bit more digging. Overnight is materially higher in Russland than in Spain.
There are no "spanish" bonds. Only debt that's backed by the ECB. That is why "Spanish" yields are so low.
It would be crazy to not invest in Gazprom.
(where can I sign up?)
..and they say zh readers are a bunch of yayhoos who dont know squat
You get a discount when you are really, really cute when you grab your ankles.
You see Russian algos work aswell ;)
Sell the rip.
Yeah but Twitter....
putin knows how to position the legs and ass correctly before thrusting
.
But, But, But....didn't US ratings agencies just recently downgrade Russia to junk?
The truth? War of the eastern Jewish bankers against western Jewish bankers. Score of 1: 0.
Gun sales and russian gas - Obama is the best salesman to date!
Hahahahaaa.
Look who is speaking.
He folded like a deck chair on the USSR Titanic :)
On an aside, now one can see the difference between the Communists and the Nazis. Schauble don't fold. :)))))
??? Putin capitalist.
And you šlimazl.
;)
Hows those sanctions working out, obozo? You guys got it, huh, all figured out, dont ya?
'Costs'
Not sure if this was posted earlier....but, looks like Putin has ordered his troops to move back from the Ukrainian border...He also called on anti-Kiev protesters to postpone a May 11 federalization referendum...
Link: http://rt.com/news/157404-putin-ukraine-crisis-kiev/
Is this Putin backing down?? I hope not...
No, he's not backing down. The stage is not set, yet.
Despite the retoric, having to deal with East Ukraine would be a headache for Putin, at least right now. He wants to keep the pot simmering without letting it boil over.
Putin has background in economics and Obama has propaganda skills and nothing else..........
That and he is a constitutional scholar.
Wait....given NSA, NDAA indefinite detentions, free speech zones and no protections from federal law enforcement to searches of vehicles, how does that make sense?
I realize the duration on the Russian bonds is 3 years longer , but 9.19% sure looks a lot better then 3.00% on Southern European ponzi 10 year issues.
I hope Zero's insiders are trading in their personal accounts with their advice to the rest of us. LOL
Yes MENTALIC, you are right.
It appears that was all of Putins friends getting a good ole fashion head start before it hit the headlines...
Friends helping friends...Same as Wall Street as in the Kremlin..
Just wait until Russia and China jointly annouce they will no longer comply with FATCA--and refuse to do business with banks that do. *cough EU cough*
Russia has gas. China has gold. Sucks to us at the moment.
Step right up, step right up!
Get your hearts desire! Be a big player!
You sir!
Reach right into the box and grab your prize! Don't be shy, never mind the blade-like contraption, reach in deep...deeper...deeper...deeper...Thwack!
Next!
Short cover head fake
This is short money coming off, wont last