Russian Bonds Rally Most Since November as Ruble Gains With Oil
- Current-account shows no reasons for ruble to fall more: ING
- Rabobank wary currency is ready to move higher on oil outlook
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Russian bonds rose, cutting yields the most since November, as the ruble was bolstered by a rebound in oil and data showing the country’s current-account surplus widened last year.
The yield on Russian government five-year notes fell 18 basis points to 10.63 percent, the biggest move on Tuesday among debt from Europe, the Middle East and Africa. The currency rose 1 percent to 78.468 against the dollar by 6:30 p.m. in Moscow after closing on Monday near a historical low of 80.10. Brent crude advanced 2.2 percent.