Pimco fund added to Russia credit default swap exposure ahead of Ukraine war

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Pimco fund added to Russia swap exposure in the weeks before the war

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Russia sovereign debt has plunged in value since the war began, and trading on credit default swaps indicates about a 90% chance that the country will default on its foreign debt within the next year. Credit default swaps covered a net $3.1 billion of Russian debt as of last month, according to the Depository Trust & Clearing Corp.

 

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