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Prune60 Profile picture
@Prune602
Oct 9 • 9 tweets • 3 min read • Read on X
Scrolly
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 Image
Zoom in Image
Zoom in more.

They placed half a square’s worth Image
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
😬

investing.com/indices/russia… x.com/prune602/statu…Image
🫣

investing.com/indices/russia…Image

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More from @Prune602

Prune60 Profile picture
Oct 18
‼️ The OFZ Federal Bond Thread: Russia’s Race to Secure a Loan!

Q4 Auction Day 3 of 13

Part 5: Analysis of the Charts

(Don’t forget to use your bookmark)

If you don’t know where the rest of the thread is, worry not! Image
Here is the table of Contents:
At the end of the Part 4, we discussed the problem with the banking liquidity. And to be honest…unless they can solve THAT problem, the rest of this is probably moot

But we’ll go over it.
Read 24 tweets
Prune60 Profile picture
Oct 18
I saw something I found funny that happened. But it takes a few steps to get there.

Here we go…

1. The Russian Ministry of Finance realized that they have an increasing deficit, and need to fine more revenue to cover their expenses
2. The Russian government then increased the mineral extraction tax on GOLD beginning July 1st 2024

interfax.ru/russia/987392Image
3. The Ministry of Finance is falling behind on bond sales to fund the deficit. Part of the problem is the reduced liquidity in banks.

Part of the problem is that Russians won’t put their foreign currency in banks, because they might not be able to get it back out again.
Read 7 tweets
Prune60 Profile picture
Oct 18
‼️ The OFZ Federal Bond Thread: Russia’s Race to Secure a Loan!

Q4 Auction Day 3 of 13

Part 4: CHARTS

(Don’t forget to use your bookmark)

If you don’t know where the rest of the thread is, worry not! Image
Here is the Table of Contents

Bookmark it if you haven’t
I do want to remind you that there is a lot of discussion that was had in the previous OFZ Auction Day threads that I linked to back in Part 1.

In addition, I’ve been discussing some of these things in the Russian Debt thread. It will help you understand some basics.
Read 20 tweets
Prune60 Profile picture
Oct 18
‼️ The OFZ Federal Bond Thread: Russia’s Race to Secure a Loan!

Q4 Auction Day 3 of 13

Part 3

(Don’t forget to use your bookmark)

If you don’t know where the rest of the thread is, worry not! Image
Here’s a Table of Contents, check back for updates. Remember: It’s not over until I say it’s over!
Now we need to talk about what else happened. Actually 2 things happened.

When I made the first thermometer chart, I had to know how big to make it. That meant I need to know how much they OFZ they intended to place.
Read 24 tweets
Prune60 Profile picture
Oct 17
‼️ The OFZ Federal Bond Thread: Russia’s Race to Secure A Loan!

Q4 Auction Day 3 of 13

Part 2

(Don’t forget to use your bookmark)

If you don’t know where the rest of the thread is, worry not! Image
I’ve got a table of contents!

It’s not over until I say it’s over, so remember to check back for more details!
At the end of Part 1, We were discussing the Basic Standard Operating Procedure about how these Auctions are Generally Held/Reported on.

We had reached the point that the Auction Day events are completed on a Wednesday.

So how do we find out what happened?
Read 24 tweets
Prune60 Profile picture
Oct 17
‼️ The OFZ Federal Bond Thread: Russia’s Race to Secure A Loan!

Q4 Auction Day 3 of 13

Part 1

Spoilers: It does not look good

(Don’t forget to use your bookmark) Image
Hopefully you saw my video!

I can’t promise that I’ll be able to do it every time, but I thought I’d do something special since I can finally get this thread up and running again.
I’m now trying out using a Table of Contents so that everyone stays on the same page.

The thread isn’t over until I say it’s over, so if you bookmark this, you can check back for updates on the OFZ thread. (There’s a lot of data to cover this week)
Read 25 tweets

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