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   Mark Kraft (krafttea@mastodon.social)'s status on Thursday, 19-Sep-2024 08:19:56 JST Mark Kraft

   The next to last Russian bond sale for the quarter happened today. Result? Bond sales dropped off ~½ from Day 11, which still wasn't nearly on track to their goal, potentially due to low financial industry liquidity. (see thermometer below.)
   In short, the government is looking at raising ½ of their goal. The missing ½ is a big, huge hole in the budget.

   But wait... it gets worse! Russia's Gaidar Institute expects the deficit to be 4.3T Rubles; slightly over 2X what the govt. recently predicted.