18 Feb 2020 19:04

Russian Eurobonds post moderate gains on back of UST

MOSCOW. Feb 18 (Interfax) - Prices for most Russian Eurobonds are rising moderately on Tuesday on the back of US Treasuries, which have strengthened amid demand for safe-haven assets.

Sovereign spreads are little changed.

Russia's benchmark 2030 bonds were up 17 basis points from previous closing by 6:15 p.m. Moscow time at 114.13% with yield at 2.35% per annum, 6 bps lower. Three-year US Treasuries were up 2.5 bps from previous closing at 100.99%, with yield down 1.5 bps at 1.42%. Spread between Russia-30 and UST3 narrowed 4.5 bps to 93 bps.

Russia's 2043 bond was up 57 bps at 139.22%, yielding 3.435%, down 3 bps; the 2042 bond was up 56 bps at 134.9%, yielding 3.37%, down 3 bps; the 2026 bond was up 10 bps at 113.33%, with yield down 2 bps to 2.44%; and the 2023 bond grew 7 bps in price to 109.73%, yielding 2.035%, down 2.5 bps.

The 30-year bond maturing in 2047 bond was up 52 bps to 131.75%, with yield down 2.5 bps to 3.445%; and the 10-year bond maturing in 2027 was up 8 bps at 111.37, with yield down 1.5 bps at 2.54%.