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Russia notched up its latest debt-sale record, seizing on appetite from yield-hungry investors in a placement that underscored how sanctions concerns are ebbing a year after U.S. penalties hobbled local markets.
“The domestic and international environment has turned benign,” said Richard Segal, a senior emerging-markets analyst at Manulife Asset Management in London. “The European and U.S. monetary policy outlook has changed abruptly and the U.S. Congress has ‘sanctions fatigue…’”
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