15 Nov 2018 19:22

Russian Eurobonds continue gains on Thursday on positive sanctions news

MOSCOW. Nov 15 (Interfax) - Prices for most Russian Eurobonds gained moderately on Thursday on positive sanctions news and increased demand among global investors for emerging market assets, with US Treasuries also making gains, resulting in little change to the spread between the two benchmark issues.

Russia's benchmark 2030 bonds were up 7 basis points from previous closing by 6:15 p.m. Moscow time at 108.78% with yield at 4.625% per annum, 2.5 bps lower. Four-year US Treasuries were up 11 bps from previous closing at 97.52%, with yield down 4 bp at 2.87%. Spread between Russia-30 and UST4 widened only 1.5 bps to 175.5 bps.

Russia's 2043 bond was up 42 bps to 104.24% yielding 5.56%, down 3 bp; the 2042 bond was up 56 bps at 101.25%, yielding 5.53%, down 4 bps; the 2026 bond was up 6 bps at 97.9% with yield down 1 bp to 5.09%; and the 2023 bond rose 12 bps in price to 101.74% yielding 4.47%, down 3 bps.

The new 2047 bond was up 15 bps to 91.15% with yield down 1 bps to 5.895%; and the new 10-year bond maturing in 2027 was up 12 bps at 94.06%, with yield down 2 bps at 5.11%.