Ruble Declines on Saudi Arabia Oil Comment: Russia Reality Check
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 Kyiv.
The ruble fell 1.3 percent to 46.8665 per dollar at 12:43
p.m. in Moscow, stretching its decline since Feb. 28, the day
before President Vladimir Putin’s incursion, to 23 percent. The
Micex Index fell 0.1 percent to 1,528.41, paring its advance in
the period to 5.8 percent. The yield on local-currency bonds due
February 2027 rose eight basis points to 10.29 percent, bringing
its increase since Feb. 28 to 193 basis points.
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.
To contact the reporter on this story:
David Wilson in New York at
dwilson@bloomberg.net
To contact the editors responsible for this story:
Wojciech Moskwa at
wmoskwa@bloomberg.net
Chris Kirkham, Matthew Brown