Russia Bond Rally Slows on Oil as BofA Call Signals Rate Cuts

Updated on
  • Ruble weakness won't derail further easing, BofA says
  • October rally pushed yields to 11-month low at start of week

Russian government bonds dropped from an 11-month high as crude oil retreated, dragging the ruble down, while Bank of America Corp. and Danske Bank A/S said the ruble’s weakness won’t discourage the central bank from resuming interest-rate cuts.

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