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🇷🇺🇺🇸Wall Street Rushes for Russian Stocks as U.S.-Russia Talks Begin – Bloomberg
International investors are going all in on Russian assets following the start of negotiations between Russia and the U.S..
Traders are snapping up anything even remotely linked to Russia, from stocks to bonds. Demand for Russian government bonds (OFZs) has surged at auctions amid signs of improving diplomatic relations.
The latest bond placements by Russia’s Ministry of Finance have been the largest since early 2022. Over the last three auctions alone, the Russian government sold 608 billion rubles ($6.9 billion) in fixed-coupon bonds, covering 60% of the planned issuance for Q1, according to Bloomberg.
These bond sales are a crucial tool for financing Russia’s budget deficit. Meanwhile, the Russian ruble is gaining strength in response to the ongoing talks between Moscow and Washington.
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