Russia cds trading booms following sanctions

[dealmaker]

Friday, August 08, 2014

LONDON (IFR)—Trading in Russian sovereign CDS has almost doubled since the start of the year, as U.S. and EU sanctions have steadily ramped up pressure on the Russian economy.
Net notional on Russia CDS – a broad measure of market exposure – climbed 83% in January to $10.1 billion in late July, making it now the sixth largest CDS contract in the world.

Sovereign CDS is now one of the most liquid proxies for traders looking to hedge or take outright short positions on Russia. Shorting the ruble and Russian equity exchange-traded funds have also proved to be popular ways to bet against the Russian economy.

http://www.hedgeworld.com/open_news/read_newsletter_aa.cgi?section=peop&story=peop6038.html

 

[Ucan'tEatBonds]

Betting against Russia makes all the sense if you get your information from Western News Mainstream.

However, if you get your news from WorldWide sources, the complete opposite is true.

BRICs are gaining power and momentum big time, they formed a new IMF, they trade like crazy, there are multi-billion deals made weekly and monthly.

And MOST IMPORTANTLY, something west keeps ignoring, these guys have virtually no debt

Which of course is why Western Central Bankers hate them so much and would like to see them destroyed.

tough luck though, world has woken up to who and what USA is and FED, ECB, IMF

 

[Hix80]

Betting against Russia makes all the sense if you get your information from Western News Mainstream.

However, if you get your news from WorldWide sources, the complete opposite is true.

Very true, and, of course, the blinkers stay put beyond economics.