Russian Eurobond prices move lower amid diminished risk appetite
MOSCOW. Dec 5 (Interfax) - Russian Eurobond prices declined moderately on Wednesday against the backdrop of diminished appetite for risk globally that weighed on emerging market assets. U.S. markets are closed on Wednesday for the funeral of former U.S. President George H. W. Bush.
Russia's 2030 bonds declined 17 basis points from previous closing as of 6:15 p.m. Moscow time to 108.27% yielding 4.745% per annum, 5 bps higher. Spread between Russia-30 and three-year US Treasuries widened 5 bps to 195.5 bps.
Russia's 2043 bond was down 40 bps at 104.68% yielding 5.525%, up 3 bps; the 2042 bond was down 38 bps to 101.69%, yielding 5.495%, up 3 bps; the 2026 bond was down 30 bps at 97.75% with yield up 5 bps to 5.115%; and the 2023 bond was down 4 bps in price to 101.6% yielding 4.5%, up 1 bp.
The new 2047 bond was down 35 bps to 92.44% with yield up 2.5 bps at 5.795% and the new 10-year bond maturing in 2027 was down 36 bps at 94.24%, with yield up 5.5 bps at 5.09%.