Moscow Bond Traders Watch as Crisis Sinks Volumes: Russia Credit - Bloomberg

Moscow Bond Traders Watch as Crisis Sinks Volumes: Russia Credit - Bloomberg:



"Russian bond traders are sitting out the deepening crisis with Ukraine as foreign investors pull their cash and losses accumulate.



Secondary-market bond trading volumes on the Moscow Exchange slid 43 percent in April to 759 billion rubles ($22 billion), the biggest year-on-year drop since at least 2010, according to data on the bourse website. South African trading dropped 24 percent to 1.39 trillion rand ($134 billion) last month from a year earlier, Johannesburg Stock Exchange figures show.



The collapse in trading coincides with escalating turmoil as the U.S. and European allies slap sanctions on President Vladimir Putin’s inner circle amid the crisis in Ukraine, threatening to help push Russia into a recession. While bonds have slumped, rising volatility has fueled stock-exchange volumes as investors speculate about whether specific companies and their owners would be targeted for penalties."



'via Blog this'