To Russia with Love?

Russian CDS suggest maybe something is brewing with Putin. Caution is warranted

Quick chart here on Russian Credit Default Swap spreads exploding higher over the last couple days as the drum beat of war start to get louder. The rhetoric around potential conflict is continues to get louder, both abroad and at home in D.C. Who knows where this ultimately plays out but CDS markets tend to sniff things out early. Oil market is responding too.

Source: Bloomberg Data

*Important Disclaimer: This blog is for educational purposes only. I am not a financial advisor and nothing I post is investment advice. The securities I discuss are considered highly risky so do your own due diligence.