US and Russian stock market graph
© UnknownThe US and the EU have been talking loud about the 'Cost' of sanctions on Russia. Contrary to what these leaders would make people believe, the country that is currently suffering the most is not Russia
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...
Russian stocks
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And the Ruble is strengthening...

Ruble versus dollar
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As Bonds are bid once again...

Russian bonds
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And US equities are in free fall...

US equities
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