The Russian rouble tumbled to an all-time low against the US dollar after President Putin announced that Russian forces launched an invasion on Ukraine, amid reports that missiles were fired to several cities and Russian troops landed on the Ukrainian coast. USD/RUB plunged almost 10% to a record low of 87.99 per USD on Thursday. The yield of the 10-year OFZ treasury bond remained above 10.9%, the highest since January of 2016. Meanwhile, the dollar index, that tracks the greenback against a basket of currencies also spurted to 96.71 amid safe haven demand. More tough sanctions from the West are expected to come after Russian President Putin launched military action on Ukraine and Russian forces fired missiles at several cities.
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