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This is all caps... Some people think that is like yelling on the internet... It is bad!


  • Bank of America Corp. cut its recommendation on Russia’s foreign debt on concern that an escalation of the crisis in Ukraine would lead to further sanctions.
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    Russian external bonds, which had been raised to overweight on March 24 by Bank of America, were downgraded to marketweight today. The yield on Russia’s 2030 dollar bond rose 20 basis points, or 0.2 percentage point, to 4.69 percent at 12:34 p.m. in New York.

    Pro-Russian separatists seized administration buildings inUkraine’s east as the government in Kiev accused PresidentVladimir Putin of stoking unrest. Protesters with Russian flags stormed offices in the cities of Luhansk and Donetsk, where demonstrators called for a referendum to join Russia and for the boycott of May 25 presidential elections. Ukrainian Prime Minister Arseniy Yatsenyuk said today that Russia was trying to split his nation.

    “We think that market can easily perceive such development as escalation of Ukrainian crisis,” Vladimir Osakovskiy, chief economist for Russia and the Commonwealth of Independent Statesat Bank of America Merrill Lynch, wrote in a note today. Russia’s open involvement in Eastern Ukraine “will most likely be unacceptable for the U.S. and EU, potentially triggering costly economic sanctions against Russia.”

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      Wednesday, February 12 2020 6:45 AM EST2020-02-12 11:45:23 GMT
      Wednesday, February 12 2020 6:47 AM EST2020-02-12 11:47:29 GMT
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