Russia Bonds Gain as 10-Year Yields Set for Best Week Since 2009
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Russian government bonds rose for the fifth day, with 10-year yields set for the best week in almost five years, on speculation President Vladimir Putin will take steps to de-escalate the conflict in Ukraine.
The yield on 10-year local-currency securities, known as OFZ bonds, declined eight basis points to 9.25 percent, taking this week’s decrease to 65 basis points, the most since November 2009. The ruble strengthened 0.3 percent to 35.9445 per dollar at 4:22 p.m. in Moscow, set for a 0.5 percent weekly advance.