{"id":17861,"date":"2014-12-16T00:41:00","date_gmt":"2014-12-16T00:41:00","guid":{"rendered":"https:\/\/new.igihe.com\/russian-bond-yield-climbs-above-rwanda-s\/"},"modified":"2014-12-16T00:40:50","modified_gmt":"2014-12-16T00:40:50","slug":"russian-bond-yield-climbs-above-rwanda-s","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/russian-bond-yield-climbs-above-rwanda-s\/","title":{"rendered":"Russian bond yield climbs above Rwanda&#8217;s"},"content":{"rendered":"<p>{Russia&#8217;s benchmark international dollar bond yield has climbed another 14 basis points to 6.75 per cent \u2013 sharply above Rwanda&#8217;s equivalent borrowing costs.}<\/p>\n<p>As the chart below shows, despite climbing slightly recently, the bond yield of Rwanda&#8217;s eurobond maturing in 2023 is now markedly lower than Russia&#8217;s equivalent international bond \u2013 a vivid example of how investors are ditching any assets related to Russia.<\/p>\n<p>Moscow&#8217;s local 10-year borrowing costs in roubles edged 3 basis points higher to 12.85 per cent, as the rouble reversed an initial gain versus the dollar to fall another 0.5 per cent and trade at 58.59 against the greenback \u2013 a new record low. <\/p>\n<p>Russian financial markets have been severely rattled this year as western sanctions, the slowing economy and slumping oil prices have spurred international and local investors to dump their holdings of Moscow&#8217;s stocks, bonds and currency.<\/p>\n<p>At the start of the year the international bond yield of Russia \u2013 one of the biggest and least indebted emerging economies in the world \u2013 was just 4.6 per cent, while Rwanda&#8217;s was 7.4 per cent.<\/p>\n<figure class=\"spip-document spip-document-7558 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/png\/capture_1_.png\" alt=\"\" \/><\/figure>\n<p>Financial Times<\/p>\n","protected":false},"excerpt":{"rendered":"<p>{Russia&#8217;s benchmark international dollar bond yield has climbed another 14 basis points to 6.75 per cent \u2013 sharply above Rwanda&#8217;s equivalent borrowing costs.} As the chart below shows, despite climbing slightly recently, the bond yield of Rwanda&#8217;s eurobond maturing in 2023 is now markedly lower than Russia&#8217;s equivalent international bond \u2013 a vivid example of [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2000055468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-17861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default 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