Russia’s Worst Bond-Sale Flop Since March Shows Syria War Costs

Updated on
  • Bids at floating-rate debt auction fell 60% short of target
  • Bonds reverse last week's rally on concern tension to escalate

Russian bonds dropped for a third day as the country stepped up criticism of Turkey for shooting down a fighter jet in Syria, while the flare up in tensions pushed demand at a government bond auction to a two-month low.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.