Is Panic Sweeping Through Russias Markets?

The video discusses the severe financial crisis in Russia, highlighting the dramatic decline of the ruble, which experienced its worst day since 1998. The ruble's value dropped significantly against the dollar, and bond yields surged, indicating market instability. The cost of bond insurance also rose sharply. Economists suggest that Russia may respond with currency interventions, rate hikes, or capital controls to stabilize the situation.

What was the intraday move of the ruble against the dollar on December 16th?

• 30%

• 10%

• 23%

• 15%

By how much did the yield on Russia's 10-year ruble bond increase on December 16th?

• 4 percentage points

• 3 percentage points

• 2 percentage points

• 1 percentage point

What was the yield percentage of the 10-year ruble bond at the beginning of December?

• 13.00%

• 16.00%

• 12.00%

• 10.57%

What was the annual cost of insuring against a debt default in Russia on December 16th?

• 6.75%

• 5.75%

• 4.75%

• 7.75%

What is one of the most likely responses to the ruble's freefall according to Bloomberg economists?

• Reducing interest rates

• Decreasing imports

• Unlimited currency interventions

• Increasing exports