🇷🇺 Russian Bond Yield Curve Is Inverted

🇷🇺 Russian Bond Yield Curve Is Inverted

An inverted yield curve is usually a bad sign (e.g. recession)

However, 🇷🇺's fundamentals are healthy

Why inverted? 🇷🇺 Central Bank's 21% key interest rate, or rather the expectation of it going down, is what's pushing this shape