Ruble Climbing With Oil Lifts Bonds as Rate Concern Subsides

Updated on
  • Forward-rate agreements show increasing bets for rate cuts
  • Analysts are split on whether Bank of Russia will ease policy

The ruble rallied the most in emerging markets as oil prices surged, boosting bonds and helping the Russian Finance Ministry sell out both of its debt auctions amid waning concern the central bank will keep rates on hold.

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