Markets are reacting in real time to
tension in Ukraine following Russia’s March incursion into
Crimea and subsequent annexation of the Black Sea peninsula.
The ruble weakened 1.4 percent to 42.2485 per dollar at
2:33 p.m. in Moscow, extending its decline since Feb. 28, the
day before President Vladimir Putin’s incursion, to 15 percent.
The Micex Index gained 1.4 percent to 1,472.68, giving a gain of
1.9 percent in the period. The yield on local-currency bonds due
February 2027 rose seven basis points to 9.98 percent for an
increase since Feb. 28 of 162 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 Russian
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
Article source: http://www.rte.ie/ten/news/2014/0920/645156-leonard-cohen-at-80-i-like-life-on-the-road/
Markets are reacting in real time to
tension in Ukraine following Russia’s March incursion into
Crimea and subsequent annexation of the Black Sea peninsula.
The ruble weakened 1.4 percent to 42.2485 per dollar at
2:33 p.m. in Moscow, extending its decline since Feb. 28, the
day before P...
bussiness
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