Possible scenario
Sustained Kyiv Campaign
30% Chance
Russia follows through on its threat to intensify strikes on Kyiv, targeting bridges, power infrastructure and transport nodes. Western embassies relocate for weeks, increasing geopolitical risk premiums without creating a systemic financial shock.
Initial impacts
- Riskier companies' borrowing costs Up
- Market volatility Up
- 10-year Treasury yield Down
- Oil prices Up
- US dollar Up
Secondary impacts
- Finance -1.3%
- Energy
Portfolio impact
S&P 500-1.1%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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