US Treasury official – investors see high probability of Russian sovereign bond default

Headlines via Reuters, US Treasury official comments:

  • says defaulting Russian sovereign bonds would make it difficult for Russia to find future lenders, increasing Moscow’s borrowing costs and draining resources
  • sees limited direct exposure of the US financial system to Russian sovereign bonds
  • falling Russian bond prices suggest investors are seeing a high likelihood of default and bracing for alternative payout outcomes
  • the main impact of a Russian sovereign bond default would be on the Russian economy

It certainly seems that a Russian sovereign default is a matter of when not if. I doubt this is news to anyone.


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