Ruble Bonds Fall as Crude Oil Extends Drop: Russia Reality Check
This article is for subscribers only.
Markets are reacting in real time to tension in Ukraine following Russia’s March incursion into Crimea and subsequent unrest in the country’s east, where pro-Russian separatists seek autonomy from Kiev.
The yield on local-currency bonds due February 2027 rose four basis points to 10.16 percent, extending its increase since Feb. 28, the day before President Vladimir Putin’s incursion, to 180 basis points. The ruble gained 0.2 percent to 46.261 per dollar at 1:31 p.m. in Moscow, giving a decline in the period of 22 percent. The Micex Index rose 0.5 percent to 1,522.19, for an increase since Feb. 28 of 5.4 percent.