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...
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And the Ruble is strengthening...
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As Bonds are bid once again...
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And US equities are in free fall...
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"Costs"
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