Ruble strengthens and stock and bond markets grow in February
10 March 2025
News
The ruble appreciated against the US dollar by 10.5% month on month as the expectations of an easing in geopolitical tensions strengthened and net sales of foreign currency by exporters were up.
The geopolitical environment also fuelled the rise in the Russian stock market – the MOEX Russia Index gained 8.6% month on month. Corporate bond and OFZ yields predominantly decreased and the spreads between bonds of various rating groups narrowed.
Ruble-denominated instruments demonstrated the highest monthly yields, with the most notable rises in shares reported by companies from the sectors that are most sensitive to sanctions.
More details are available in the new issue of the Financial Market Risks Review.
Preview photo: Gumbariya / Shutterstock / Fotodom