Ruble Drops With Eurobonds Souring Weekly Rally on Convoy Attack - Bloomberg:
"The ruble weakened while government Eurobonds retreated after Ukraine said it had destroyed part of a Russian military convoy, wiping out a weekly rally spurred by speculation the conflict would ease.
The currency fell 0.5 percent to 36.2000 per dollar at 5:51 p.m. in London, reversing a gain of as much as 0.4 percent. Russia’s dollar-denominated bonds due in March 2030 fell for the first time in six days, sending the yield up 23 basis points to 4.73 percent. Local markets had closed before Ukraine announced the attack, with the Micex Index completing its best week since March and 10-year ruble bond yields sliding the most since 2009.
Investors dumped the ruble late in the trading session amid concern the assault could signal a new phase in the conflict, with Ukrainian forces directly clashing with Russian soldiers just a day after President Vladimir Putin pledged to work toward ending the bloodshed. Ukraine’s military spokesman Andriy Lysenko said troops partially destroyed a column of armed vehicles that had arrived overnight through the rebel-held section of the border."
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