Russian Eurobonds little changed on Tuesday after rally early in year
MOSCOW. Jan 22 (Interfax) - Prices for most Russian Eurobonds were little changed on Tuesday after the price rally early in the year, while US Treasuries rose moderately, resulting in a slight widening of the spread between the two benchmark issues.
Russia's benchmark 2030 bonds were down 6 basis points from previous closing by 6:15 p.m. Moscow time at 110.19% with yield at 4.04% per annum, 1.5 bps higher. Three-year US Treasuries were up 10 bps from previous closing at 98.51%, with yield down 4 bps at 2.55%. Spread between Russia-30 and UST3 widened 5.5 bps to 149 bps.
Russia's 2043 bond was down 12 bps at 110.22% yielding 5.14%, up 1 bp; the 2042 bond was up 2 bps at 106.06%, virtually unchanged at 5.17%; the 2026 bond was down 20 bps at 101.18% with yield up 3 bps to 4.56%; and the 2023 bond fell 18 bps in price to 103.45% yielding 3.05%, up 4 bps.
The new 2047 bond was down 13 bps to 98% with yield up 1 bp to 5.39%; and the new 10-year bond maturing in 2027 was up 1 bp at 97.42%, with yield up 1 bps at 4.625%.