Trading
European Bond Yields, Russia-Exposed Shares Fall on Border Breach Report
Published by maria gbaf
Posted on February 22, 2022
1 min readLast updated: February 8, 2026
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Published by maria gbaf
Posted on February 22, 2022
1 min readLast updated: February 8, 2026
Add as preferred source on GoogleLONDON (Reuters) – Shares in companies exposed to Russia and Ukraine fell heavily on Monday while European equity market volatility surged to a 16-month high after the Russian military said it had foiled a border breach from Ukraine.
LONDON (Reuters) – Shares in companies exposed to Russia and Ukraine fell heavily on Monday while European equity market volatility surged to a 16-month high after the Russian military said it had foiled a border breach from Ukraine.
While Kiev denied the report as fake news, markets reacted to the headlines, with shares in Raifeissen Bank falling more than 6% while Italy’s Unicredit and Hungary’s OTP extended losses to stand around 3% lower.
An index measuring European equity market volatility spiked to the highest since October 2020
London-listed mining firms Polymetal and Petropavlovsk, with operations in Russia, lost between 7% and 10%.
The news also sent yields on safe-haven German 10-year bonds to two-week lows at 0.185% while the Swiss franc rallied to a three-week high to the euro, up half a percent. The euro slipped to around flat at $1.1332 having earlier traded as high as $1.1391.
Adding to jitters was the Kremlin’s earlier denial that there were concrete plans for a summit over Ukraine between Russian President Vladimir Putin and his U.S. counterpart Joe Biden.
(Reporting by Joice Alves, Danilo Masoni, Sujata Rao; editing by Saikat Chatterjee)
A bond yield is the return an investor can expect to earn from a bond, expressed as a percentage of its face value. It reflects the bond's interest payments relative to its current market price.
Market volatility refers to the degree of variation in trading prices over time. It indicates the level of risk associated with the price changes of a security or market index.
An equity market is a marketplace where shares of publicly traded companies are bought and sold. It provides companies with access to capital and investors with a share in company profits.
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