12 Nov 2018 19:08

Eurobonds little changed on Monday, declines for mid-term issues only

MOSCOW. Nov 12 (Interfax) - Prices for most Russian Eurobond issues were little changed on Monday in weak trading due to the absence of U.S. investors from the market on the Veteran's Day holiday.

Sovereign spreads were virtually unchanged. There are moderate declines for mid-term issues only.

The benchmark Russia-30 bond rose 10 basis points to 108.5%, yielding 4.72% per annum, down 3 bps. US Treasuries were not traded on Monday due to the Veteran's Day holiday in the U.S. The spread between Russia-30 and three-year US Treasuries narrowed 3 basis points to 174 bps.

The 2043 bond fell 5 basis points to 103.22% with yield virtually unchanged at 5.63% per annum. The 2042 bond fell 8 bps to 100.13 with yield up 0.5 bps to 5.615%. The 2026 bond fell 26 bps to 97.25%, yielding 5.195%, up 6 bps and the 2023 bond fell 57 bps to 100.93% with yield up 13 bps to 4.65% per annum.

The new 30 year Eurobond maturing in 2047 rose 2 bps to 90.27%, with yield virtually unchanged at 5.96% and the 10-year 2027 bond fell 20 bps to 93.61%, yielding 5.18%, up 3 bps.