Russia Judged to Have Breached Terms on Bond Payment

The video discusses Russia's technical default due to a missed interest payment on a bond, leading to a $3.2 billion payout on credit default swaps. Although not a full sovereign default, it has significant financial implications. The market had anticipated this, with a high implied probability of default. The video explores the potential causes, including US government actions, and the impact on creditors and financial markets. It also examines who currently holds the debt and the future outlook as the situation develops.

What triggered Russia's technical default according to the first section?

• A missed tax payment

• A missed interest payment

• A missed loan payment

• A missed principal payment

What is the significance of the $3.2 billion payout mentioned in the first section?

• It represents the total debt of Russia

• It is the amount Russia owes to the US

• It is the annual interest payment on Russian bonds

• It is the net payout on CDS obligations

What was the market's implied probability of Russia's default?

• 50-60%

• 70-80%

• 98-99%

• 100%

What external factor is suggested to influence Russia's default status?

• Sanctions from China

• US government actions

• Pressure from the European Union

• Oil price fluctuations

Who might be holding Russian debt now, according to the final section?

• Hedge funds

• Speculators

• Dealers and real money investors

• Retail investors