No clear trend for Russian Eurobonds on Weds
MOSCOW. Dec 18 (Interfax) - There was no clear trend in trading for most Russian Eurobond issues on Wednesday with US Treasuries little changed as the market winds down for the Christmas holidays.
Sovereign spreads hardly altered.
Russia's benchmark 2030 bonds were down 15 basis points from previous closing by 6:15 p.m. Moscow time at 114.13% with yield at 2.59% per annum, 4.5 bps higher. Three-year US Treasuries were down 2.5 bps at 100.675%, with yield at 1.64%, up 1 bp. Spread in yields between Russia-30 and UST3 widened 3.5 bps to 95 bps.
Russia's 2043 bond was down 6 bps at 135.99%, yielding 3.605%, up 0.5 bps; the 2042 bond was up 4 bps at 132.07%, with yield practically unchanged at 3.535%; the 2026 bond fell 14 bps to 111.87% with yield at 2.725%, up 2 bps; and the 2023 bond was down 6 bps at 109.54%, yielding 2.20%, up 1 bp.
The 30-year bond maturing in 2047 was down 4 bps at 127.19%, yielding 3.67%, practically unchanged; and the 10-year bond maturing in 2027 was up 4 bps at 109.56%, with yield down 0.5 bps at 2.83%.