forex cross rate

The Ukrainian border guard service said that Russian drones attacked a border crossing in Moldova last night.

Russian Deputy Foreign Minister Ryabkov: Russia remains willing to discuss strategic nuclear weapons with the United States after the expiration of the New START Treaty.

Russian Deputy Foreign Minister Ryabkov: Any proposals regarding reconciliation in Ukraine should be consistent with the goals set by Russian President Putin and the actual situation.

Russian Deputy Foreign Minister Ryabkov: What is important now is how Washington can influence decision-making in Kyiv and Europe.

Russian Deputy Foreign Minister Ryabkov: Russia is willing to listen to new ideas about a peaceful resolution to the Ukraine crisis.

TS Lombard points out that while both the US and the UK can alleviate long-term supply pressure by shortening debt maturities, their fiscal environments are completely different. The average maturity of UK government debt is approximately 14 years, and its fiscal policy leans towards consolidation with interest rates trending downwards; therefore, the refinancing risks associated with shortening maturities are relatively manageable. The situation in the US is more precarious. The average debt maturity is already shorter, fiscal policy remains expansionary, and there is significant future financing demand. TS Lombard also predicts that the Federal Reserve may need to raise interest rates more than the market currently prices in the next 12 months. Continuing to shift financing to the short end will expose government interest payments to high policy rates more quickly. Therefore, shortening maturities can temporarily alleviate pressure on the long-term market but will increase the sensitivity of fiscal policy to short-term interest rates. As refinancing expands, the policymakers' room for maneuver between "lowering long-term bond yields" and "controlling interest payments" will become increasingly narrow.