Russian Bonds Gain With Stocks as Finance Ministry Pulls Auction
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Russian government bonds rose and stocks erased an earlier loss after the nation’s Finance Ministry canceled its fifth bond auction in six weeks.
Yields on 10-year ruble-denominated debt fell nine basis points to 8.90 percent at the close in Moscow, while the Micex Index added 0.2 percent to 1,352.33 after sinking as much as 1.1 percent. The ruble was little changed versus the central bank’s target basket of dollars and euros at 41.6097 by 6 p.m. in Moscow, when Bank Rossii stops its market operations.