Russia Bonds Rally as Micex Jumps on Ukraine Crisis Accord - Bloomberg:
"Russian stocks rose the most in more than three weeks and bonds gained after talks on Ukraine yielded an agreement aimed at easing the conflict. The ruble weakened after surging the most this month yesterday.
The Micex Index (INDEXCF) added 2 percent to 1,356.54 by the close in Moscow, the most since March 25 and trimming this week’s decline to 0.4 percent. The yield on Russia’s ruble debt due February 2027 fell 17 basis points to 9 percent, the lowest in a week. The ruble declined 0.1 percent against the central bank’s basket of dollars and euros to 41.6642 by 6 p.m. The currency gained 1.4 percent yesterday.
Talks in Geneva between representatives of Russia, Ukraine, the U.S. and the European Union ended with an agreement to “de-escalate tensions and restore security,” according to a joint statement yesterday. The U.S. and its European allies have threatened to increase sanctions on Russia if it doesn’t act to calm the situation in eastern Ukraine."
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