Russian Ruble-Denominated Corporate and Municipal Bond Yields

Russian Ruble-Denominated Corporate and Municipal Bond Yields

This chart shows the yields of Russian ruble-denominated corporate and municipal debt. Both issuances started around 2003. From around 2003-2008, yields on municipal and corporate bonds declines by almost 50% from almost 12% per year to around 6% by 2008. The yields spiked during the global financial crisis of 2008, when foreign investors retreated from Russia and other emerging markets for safer locations. After the crisis subsided, foreign investors displayed their renewed faith in Russia by, once again, accepting lower yields.

"IGRUSMD vs. INRUSXD," Global Financial Database, accessed April 28, 2014, https://www.globalfinancialdata.com/gfdplatform/Analytics.aspx.

Global Financial Database