Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Ruble Rises as Oil Rebounds; 15-Year Notes Decline on Inflation

Feb. 5 (Bloomberg) -- The ruble rose against the dollar as oil, Russia’s main export earner, rebounded from a one-week low. Ruble bonds due in 15 years fell for a seventh day as higher-than-forecast inflation spurred bets the central bank won’t lower borrowing costs.

The ruble gained 0.2 percent against the dollar by 7 p.m. in Moscow to 30.0290. The yield on bonds due February 2027 rose two basis points, or 0.02 percentage point, to 7.09 percent, the highest since Jan. 8.

Crude advanced 0.7 percent in New York to $96.82 per barrel. Russian consumer prices rose an annual 7.1 percent in January, accelerating from 6.6 percent in December and exceeding a 6.9 percent median estimate of 21 economists surveyed by Bloomberg. Faster inflation lowers chances of an interest-rate cut at Bank Rossii’s next meeting Feb. 12 and doesn’t support the bond market in the short term, Dmitry Polevoy, economist at ING Groep NV in Moscow, said by e-mail.

The market is “still lacking sufficient impetus for further growth,” Polevoy said.

The currency was little changed against the euro at 40.6335, leaving it 0.1 percent stronger against the central bank’s target dollar-euro basket at 34.7994, almost 15 kopeks weaker than the level at which traders say the regulator may intervene to curb gains.

The Finance Ministry will offer 10 billion rubles of new 5-year bonds at a yield of 6.20 percent to 6.30 percent in an auction tomorrow, according to a statement on its website. It will also sell 20 billion rubles of 15-year bonds at a yield of 7.10 percent 7.15 percent, it said.

To contact the reporter on this story: Vladimir Kuznetsov in Moscow at

To contact the editor responsible for this story: Wojciech Moskwa at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.