Russian Default Risk Surges To New 6-Year Highs As Ruble Rubble Returns

Just when you thought it was all over... Having bounced post-CBR intervention and somewhat stabilized, the re-collapse in crude oil prices and continued weakness in Russian macro data provided just the impetus for a re-plunge in the Ruble (back above 63.5/USD) and surge in Russian bond yields (back to 14%) .... http://www.zerohedge.com