Macro Briefing: 15 March 2022

* Ukraine-Russia talks fail as war grinds on
* Will Russia avoid first foreign-currency bond default since 1917 revolution?
* Ukraine war disrupts global supply of key parts and raw materials
* Three European leaders to visit Ukraine’s capital in show of support
* China warns of retaliation if hit with western sanctions linked to Russia
* New “stealth” variant of coronavirus spreading around the world
* Covid-19 cases more than double in one day in China as outbreak accelerates
* China reports better-than-expected growth in retail sales and industrial output
* China stocks falls sharply for second day as new covid lockdowns are announced
* US 10yr Treasury yield rises to 2.14%, near a three-year high:

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