Russian Eurobonds edge up on oil, sanctions lull
MOSCOW. April 11 (Interfax) - Prices for most Russian Eurobonds are edging up on Thursday on the back of high oil prices and a lull in sanctions-related news.
US Treasuries are falling slightly and sovereign spreads are narrowing.
Russia's benchmark 2030 bonds were up 6 basis points from previous closing by 6:15 p.m. Moscow time at 111.92% with yield at 3.63% per annum, 3 bps lower. Three-year US Treasuries were up 5 bps from previous closing at 99.31%, with yield down 2 bps at 2.275%. Spread between Russia-30 and UST3 inched 0.5 bps wider to 138.5 bps.
Russia's 2043 bond was up 3 bps at 112.79% yielding 4.97%, down 1 bp; the 2042 bond fell 2 bps to 109.46%, yielding 4.932%, up 0.1 bps; the 2026 bond was up 3 bps at 103.37% with yield down 0.5 bps to 4.197%; and the 2023 bond rose 12 bps in price to 105.22% yielding 3.59%, down 3 bps.
The 30-year bond maturing in 2047 was up 24 bps to 101.8% with yield down 1 bp at 5.13%; and the 10-year bond maturing in 2027 was down 5 bps at 100.09%, with yield up 1 bp at 4.24%.