41.   Someone is out there buying this Russian debt.

42.   That comparison shows that Russian debt still is cheap, some analysts say.

43.   That would be below traditional investment grades, but would help the market in Russian debt by letting investors better judge whether it is fairly priced.

44.   The fixed return is much lower than actual auction yields and other investment vehicles for Russian debt.

45.   The reasons for a rally in Russian debt are not difficult to discern.

46.   The rise in loan prices helped make all Russian debt securities, including government bonds and bills, the emerging-markets leader this year.

47.   The Russian debt deal, however, only securitized back interest payments, while keeping the outstanding loans in loan form.

48.   The setback for the reformers may not hurt Russian debt much since it was anticipated by some investors and brokers.

49.   These spreads have surged since the Russian debt crisis.

50.   To attract investors, interest rates on Russian debt had risen higher than the rates paid by Nigeria, which was convulsed in its own political turmoil.