empty
21.10.2022 12:15 PM
Sales of war bonds strengthen the ruble

On Wednesday, the Russian ruble strengthened against the euro, thus reaching an almost two-week high. This comes as the second auction by the Russian Finance Ministry to sell OFZs since the Moscow government deployed tens of thousands of troops to the conflict zone in February.

Sales of war bonds strengthen the ruble

This image is no longer relevant

Geopolitical tensions and the inability to predict further developments continue to affect Russian and global markets. On Wednesday, Russian President Vladimir Putin declared martial law in four regions of Ukraine that the Kremlin says are part of Russia. Logically, the next step would be to place war bonds, which is a common practice for replenishing the budget during a war period.

By 1250 GMT, the ruble gained 1.1% against the euro to hit 60.1000, having previously passed 59.4450, its highest level since October 7.

It was 0.1% weaker against the dollar to 61.62, having previously tried to gain a foothold above the 61.00 level, and gained 0.8% against the yuan to 8.44, a two-week high.

The Ministry of Finance of the Russian Federation held the first auction in several weeks for the placement of OFZs in the amount of 76.7 billion rubles with the placement of bonds in the amount of 25 billion rubles with a floating coupon rate. Promsvyazbank analysts note that the last time the ministry placed bonds was in November 2020.

Later on Wednesday, another auction will take place. The bonds of this pool are also expected to be sold. High demand at OFZ auctions contributes to the strengthening of the ruble.

Even though external factors have a conflicting effect on the ruble bond market, since there is a combination of demand for certain assets on the one hand, and lower oil prices on the other hand, nevertheless war bonds are usually in demand, since this is a great way to deposit funds for the duration of the war. Therefore, additional pools of bonds are highly expected, because this could support the budget.

The price of Brent crude, the global benchmark for Russia's main export, rose 1% to $90.9 a barrel, but is still far from its high of about $98 a barrel hit early last week.

Russian stock indices, on the contrary, are declining.

The RTS dollar index fell by 2.7% to 1011.82 points. The ruble index of the Moscow Exchange fell by 2.7% to 1,978.3 points.

Egor Danilov,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

Resumo das notícias do mercado americano de 12 de junho: Mercado de ações dos EUA fecha em baixa devido ao acordo comercial entre os EUA e a China

Os mercados de ações dos EUA fecharam em baixa após o acordo comercial entre os EUA e a China ter sido alcançado. Apesar do fluxo de notícias positivas, os investidores

Ekaterina Kiseleva 16:56 2025-06-12 UTC+2

Resumo de notícias do mercado dos EUA para 11 de junho

O mercado acionário dos EUA atingiu os níveis projetados e agora entra em uma "fase de observação silenciosa", já que os investidores aguardam a divulgação dos principais números da inflação

Ekaterina Kiseleva 18:45 2025-06-11 UTC+2

Contrastes diários: Nikkei sobe, euro cai, mercados globais aguardam ansiosamente as negociações entre EUA e China

J.M. Smucker recua. O Banco Mundial reduz sua previsão de crescimento global para 2025. O Nikkei avança, enquanto os futuros de Wall Street e o euro enfraquecem. O dólar mostra

16:14 2025-06-11 UTC+2

Robinhood sai do S&P 500 — efeito dominó atinge os mercados globais

As ações da Robinhood caíram depois que a plataforma de negociação foi excluída do S&P 500. As ações da Warner Bros. caíram após o anúncio da empresa de planos para

15:26 2025-06-11 UTC+2

Contrastes do dia: Nikkei em alta, euro em baixa, mundo aguarda ansiosamente pelas negociações entre EUA e China

J.M. Smucker cai após previsão pessimista Banco Mundial reduz previsão de crescimento global para 2025 Nikkei sobe, futuros de Wall Street e euro caem Dólar pouco alterado, títulos aguardam

Thomas Frank 14:45 2025-06-11 UTC+2

Taxas sobem: mercados aguardam o IPC, Trump entra em conflito com Musk, Qualcomm adquire a Alphawave

O relatório do IPC de maio está previsto para ser divulgado na quarta-feira. Um projeto de lei orçamentária ocupa o centro do palco em meio a um desentendimento público entre

18:54 2025-06-10 UTC+2

Resumo de notícias do mercado dos EUA para 10 de junho

Os índices S&P 500 e Nasdaq 100 registraram ganhos notáveis, impulsionados por expectativas otimistas em relação às próximas negociações comerciais entre os EUA e a China. Os investidores estão apostando

Ekaterina Kiseleva 18:48 2025-06-10 UTC+2

Robinhood cai do S&P 500 - Efeito dominó atinge todo o mercado

Robinhood cai depois que a plataforma foi excluída do S&P 500 Ações da Warner Bros. caem depois que a empresa diz que planeja dividir seus negócios Ações europeias caem

Thomas Frank 18:33 2025-06-10 UTC+2

Taxas sobem enquanto os mercados aguardam o IPC, Trump discute com Musk, Qualcomm adquire a Alphawave

O relatório do IPC de maio será divulgado na quarta-feira Projeto de lei orçamentária em destaque em meio à divergência entre Trump e Musk Alphawave salta com os planos

Thomas Frank 16:53 2025-06-09 UTC+2

Confronto de titãs: Musk vs. Trump enquanto os investidores contabilizam as perdas

Dow -0,25%, S&P 500 -0,53%, Nasdaq -0,83% Tesla cai com o aumento da disputa pública entre Trump e Musk Pedidos iniciais de subsídio de desemprego aumentam pela segunda semana consecutiva

Thomas Frank 16:39 2025-06-06 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.