Ruble Rallies as Global Stimulus Bolsters Carry Trade Appeal

  • Currency offers second-best carry return among peers in 2016
  • Bonds set for second weekly gain as investors chase yields

The ruble strengthened, headed for its first week of gains in three, as optimism global central banks will keep the cost of money low boosted the allure of a currency that’s offered the second-best carry trade in emerging markets this year.

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