Ruble Caps Third Annual Slump as Oil Seen Stoking Losses in 2016

  • Russian bonds gave 2nd-biggest returns in emerging markets
  • UralSib sees risk of ruble weakness, limited upside for bonds

The ruble weakened on its last trading day of 2015, extending its third annual slide as the plunging price of oil dimmed the outlook for a recovery in the Russian economy.

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