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
And there’s a real possibility that it might go UP
The Ministry of Finance put out a quiet Press Release on Friday afternoon which means that the Central Bank will probably be unable to talk about it until AFTER the meeting. (Sneaky)
And as far as I can tell, no major news outlets have picked it up yet.
The Ministry of Finance announced they were creating 5 new bonds totaling 4.25 Trillion Rubles.
3 are Constant Coupon Bonds, all of which have higher coupon rates that any of their existing Constant Coupon Bond
“According to sources, the tragedy occurred the day before. The body was found under the windows of a hotel in Sheremetyevo, where the deceased was likely staying in a room on one of the higher floors.”
Another thing that I don’t think enough people realize, is that there are capital controls already in place and requirements for businesses to sell a certain portion of their foreign exchange earnings