Russia cancelled a fifth ruble bond auction in six weeks after yields jumped the most in three weeks yesterday amid protests in eastern Ukraine.
The Finance Ministry pulled tomorrow’s sale because of “current market conditions,” it said in a statement on its website today. The yield on ruble debt due February 2027 fell 10 basis points to 8.93 per cent as of 3:20 pm in Moscow, after jumping 17 basis points yesterday, the most since March 14.
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