Economics
Ukraine Election Brings Market Triumph for Bonds: Russia Credit
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Russia’s bonds are extending the best rally in at least four years as Petro Poroshenko won Ukraine’s presidential ballot with a mandate to resolve the crisis that’s roiled the nation since November.
The billionaire got 54 percent of yesterday’s vote with 72.3 percent of ballots counted, the Election Commission in Kiev said, dodging a run-off that Bank of America Corp. said would have triggered more market volatility. Russian and Ukrainian assets rallied this month on speculation a clear electoral verdict would spur talks on calming the crisis and re-establish rapport with President Vladimir Putin.