OMFG. They placed a grand total of
👉 0.005 Trillion Rubles TOTAL today
WHEN OFFERING NOTHING BUT VARIABLE RATE BONDS
So…
Q4 Goal was 2.4 Trillion Rubles
Auction Day 1 of 13 👉 0.0352 trillion rubles
Auction Day 2 of 13 👉 0.005 trillion rubles
I need to give you an idea of how bad this is.
The top left purple arrow is where their Q4 goal is
Zoom in
Zoom in more.
They placed half a square’s worth
On Q4 Auction Day 2 of 13
The offer of PK-29024 failed/was declared invalid
PK-29025:
Placement: 0.005 Trillion
Demand: 0.0441 Trillion
And they just told everyone that this plan…that is clearly failing…will somehow work in 2025 and beyond, when they try to borrow even higher sums of money
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