Russian Eurobonds up moderately amid positive trends in UST market
MOSCOW. March 27 (Interfax) - The prices of most Russian Eurobonds rose moderately in trading on Wednesday as market players wait for new signals indicating how prices will move.
US Treasuries were also trading up, leading to a slight widening in sovereign spreads.
Russia's benchmark 2030 bonds were up 6 basis points from previous closing by 6:15 p.m. Moscow time at 111.25% with yield at 3.53% per annum, down 2 bps. Three-year US Treasuries were up 12 bps from previous closing at 99.61%, with yield down 5 bps at 2.15%. Spread between Russia-30 and UST3 widened 3 bps to 135 bps.
Russia's 2043 bond was up 6 bps at 112.77% yielding 4.967%, down 0.5 bps; the 2042 bond was up 4 bps at 109.01%, with yield down 1 bp to 4.96%; the 2026 bond was up 33 bps at 103.48% with yield down 6 bps at 4.18%; and the 2023 bond was up 12 bps at 105.09%, yielding 3.63%, down 3 bps.
The 2047 bond was up 20 bps to 101.61% with yield down 1 bp to 5.14%; and 2027 was up 8 bps at 100.23%, with yield down 1 bp at 4.22%.