The Federal Reserve statement disappointed markets by merely extending Operation Twist until the end of the year. Although to be fair, the Fed really was in a no-win situation.
The king of the global bond market has chimed in on Russian bonds as being more attractive than U.S. Treasury debt. The logic makes perfect sense.
The Kremlin is reportedly looking to sell long-term bonds again on the global market for the first time since last May. In theory, this is great news, but we will have to see where the world’s oil markets are in a few months.