Russia-Ukraine Tensions Spill Over Into Markets

The video discusses the underperformance of Ukrainian bonds compared to peers due to rising tensions between Russia and Ukraine. It highlights the impact on the bond market and the ruble, which has decoupled from oil prices due to political risks. The video also examines the bond markets in Ukraine and Russia, noting Ukraine's restructured debt and the demand for Russian assets despite sanctions.

What potential impacts could a full-on conflict between Russia and Ukraine have on the ruble?

Discuss the current state of the bond markets in Ukraine and Russia, including any recent changes.