Russian Eurobonds little changed following Fed meeting
MOSCOW. Sept 19 (Interfax) - Russian Eurobond prices are little changed on Thursday, with reaction to the outcome of the Federal Reserve's latest meeting subdued.
US Treasuries are up slightly and sovereign spreads are inching wider.
Russia's benchmark 2030 bonds were down 4 basis points from previous closing by 6:15 p.m. Moscow time at 112.74% with yield at 2.88% per annum, 0.5 bps higher. Three-year US Treasuries were up 3 bps from previous closing at 100.56%, with yield down 1.5 bps to 1.73%. Spread between Russia-30 and UST3 widened 2 bps to 115 bps.
Russia's 2043 bond was up 2 bps at 127.41% yielding 4.07%, practically unchanged; the 2042 bond was down 10 bps at 123.37%, yielding 4.035%, up 0.5 bps; the 2026 bond was down 11 bps at 109.49% with yield up 1.5 bps to 3.16%; and the 2023 bond fell 4 bps in price to 109.42% yielding 2.38%, up 0.5 bps.
The 30-year bond maturing in 2047 was down 5 bps to 118.75% with yield up 0.3 bps at 4.11%; and the 10-year bond maturing in 2027 was down 1 bp at 106.8%, with yield unchanged at 3.25%.