Russian Eurobonds follow UST down
MOSCOW. Nov 5 (Interfax) - Prices for most Russian Eurobond issues fell moderately on Tuesday on the back of US Treasuries as interest in safe-haven assets declined amid optimism about the prospects for a trade deal between the United States and China being signed.
Sovereign spreads were little changed.
Russia's benchmark 2030 bond was down 21 basis points from previous closing by 6:15 p.m. Moscow time at 113.98%, with yield up 6 bps at 2.8% per annum. Three-year UST were down 9 bps at 100.75%, with yield up 4.5 bps at 1.62%. Spread between Russia-30 and UST3 inched 1.5 bps wider to 118 bps.
Russia's 2043 bond was down 88 bps at 126.83%, yielding 4.1%, up 5 bps; the 2042 bond was down 86 bps at 122.79%, yielding 4.065%, up 5 bps; the 2026 bond was down 17 bps at 110.1%, with yield up 3 bps at 3.04%; and the 2023 bond fell 7 bps to 109.56%, with yield at 2.27%, up 1.5 bps.
The 30-year bond maturing in 2047 was down 102 bps to 118.39% with yield up 5.5 bps at 4.13%; and the 10-year bond maturing in 2027 was down 35 bps at 107.22%, with yield up 5 bps at 3.18%.