Ruble extends losing streak on oil decline: Russia reality check
Bloomberg
Markets are reacting in real time to tension in Ukraine following Russia’s March incursion into Crimea and subsequent unrest in the country’s east, where pro- Russian separatists seek autonomy from Kiev.
The ruble weakened 0.7 percent to 47.139 per dollar by 1:53 p.m. in Moscow, extending its decline since Feb. 28, the day before President Vladimir Putin’s incursion, to 24 percent. The yield on local-currency bonds due February 2027 rose five basis points to 10.21 percent, giving an increase in the period of 185 basis points. The Micex Index rose 0.6 percent to 1,501.56, increasing its rise since Feb. 28 to 3.9 percent.
The chart shows the performance of stocks, bonds and the ruble, along with indicators of Russian investment risk. The top panel displays the value of the Micex Index of 50 stocks, government debt in the Bloomberg Russia Local Sovereign Bond Index, and the ruble relative to the dollar.
Credit-default swap rates on Russian bonds due in five years appear in the bottom panel. The yield gap between the nation’s debt and U.S. Treasuries and the one-month implied volatility of the ruble are also tracked.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!