Back on December 16th, Russia’s 10-year bond yield hit a record high of 16.24%. For a country with such low levels of debt and huge reserves to trade with a 10-year bond yield that high, NIA knew that Russia’s bonds were being manipulated by Wall Street in an attempt to destabilize Russia’s credit markets – as part of America’s financial war against Russia. One week later, after Russia’s 10-year bond yield had strengthened to 13.12%, S&P put Russia on “credit watch” indicating a 50% chance that they would downgrade Russia’s credit rating to “junk” in the near-future.
Despite S&P’s December 23rd announcement, Russia’s bond yield finished the day slightly lower. NIA considered this to be a sign that Russia’s bonds were about to rally big, and sent out an urgent alert to its members saying, “With the Ruble bouncing 51% from its low over the past week, Russia’s 10-year bond yield has strengthened back to 13.12%. S&P’s announcement today had little effect on Russia’s 10-year bond, with its yield finishing the day down 2 basis points. This is a sign that the worst is already priced in. Russia’s 10-year bond yield is likely to soon decline back into single digits – as investors begin to realize there is zero chance of Russia defaulting on its debt in the foreseeable future.”
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