🇷🇺 Russian Central Bank key interest rate is at 21% #2

🇷🇺 Russian Central Bank key interest rate is at 21%

3Y Russian Federation bonds are at ≈16.5% yield

The market is pricing in upcoming rate cuts

@AskPerplexity and @grok will tell you that Ruble & Russian economy are in a bad state. The reality is different

🇷🇺 and indeed Bank of Russia cuts interest rates down to 20%

3 months ago I wrote about how the Russian bond market was pricing in those cuts

a month ago the prediction materialized ✅

3 days ago the Russian Central Bank cut down the key interest rate by 200bp down to 18%

the only way from here is further down - and if you look at the Russian bond yields that's exactly what they're telling

but honestly you don't need advanced quant to reach this conclusion 😂

🇷🇺 3 months of Ruble gains against USD erased in 5 days 😄

but also contextualize it with the overall increase in the US Dollar Index over the past 2 days

👋 hello, volatility