Russian bond yield rockets to five-year high - fastFT: Market-moving news and views, 24 hours a day - FT.com
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The rouble is the worst performing major currency in the world today, and has only been hauled off its record low by a series of central bank interventions in recent days. The latest data indicate that it spent $1.9bn on December 3 to buttress the currency.
Investors are still dumping their Russian bond holdings, however, as fears grow over the financial and economic impact of the sliding oil price and of western sanctions over Moscow’s support for Ukrainian separatists.