Many Happy Returns cover image

Government bonds just got interesting

Many Happy Returns

00:00

Is There a Russian ETF?

i know some of the bondholders, and they hold a sizable mount of this russian debt. Many of their assets have been marked to zero. Effectively, damnme, that's distress debt. That's as effectively pricing in a default. So i think if you're a holder of one of those bonds, it's a really awful period.

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