February 1, 2023

Russia crisis hits Pimco Fund, wipes out options as ruble sinks

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From Newsmax After the single worst day in Russia’s nine-month-old financial crisis, the fallout is spreading across global markets. Pacific Investment Management Co. is facing mounting losses on its Russian bond holdings; almost every bullish ruble option contract registered in the U.S. has been made worthless; and foreign-exchange brokers in New York and London told […]