Russia Ruble Yields Rise as Obama Meets Ukraine Leader
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Ruble bonds fell, driving yields to a record, and stocks slumped as Russia showed no signs of abandoning its ambitions in Crimea.
Government bonds due February 2027 slid for a fourth day, lifting the yield 40 basis points to 9.36 percent, the highest since the securities were issued in February 2012. The Micex Index lost 2.6 percent to 1,274.21 by the close in Moscow, the lowest since May 2012. The ruble weakened for a fourth day against the central bank’s dollar-euro basket.