Ruble and stocks jump on reports Russian military return to bases

The ruble and stocks reacted with growth to reports that the Russian Armed Forces completed a number of exercises, units are expected to return to their permanent deployment points.

RUSSIA RETURNING SOME TROOPS TO BASES AFTER DRILLS: INTERFAX

(PS - On Monday, Russian Defense Min said that some of Russia’s massive military exercises were concluding)

Stock markets are jumpy. RUB +1.5%, US yields/equity futures higher.

RUSSIA AND UKRAINE'S GOVERNMENT BONDS RALLY AFTER REPORTS SOME RUSSIAN TROOPS ENDING DRILLS, UKRAINE BONDS UP AS MUCH AS 6% OR 4.2 CENTS - TRADEWEB DATA