Eurobond prices little changed in light trading
MOSCOW. Oct 1 (Interfax) - Prices for the majority of Russian Eurobonds were little changed on Monday in light trading, while other emerging market debt declined. US Treasuries also held steady, resulting in a minimal widening of the sovereign spread.
Russia's 2030 bonds declined 4 basis points from previous closing as of 6:15 p.m. Moscow time to 110.51% yielding 4.22% per annum, 1 bp higher. Four-year US Treasuries were unchanged from previous closing at 98.44%, with yield at 2.795%. Spread between Russia-30 and UST4 widened 1 bp to 142.5 bps.
Russia's 2043 bond was up 11 bps at 108.49% yielding 5.26%, down 0.5 bps; the 2042 bond rose 7 bps to 105.4%, yielding 5.225%, down 0.5 bps; the 2026 bond was up 27 bps at 100.2% with yield down 4 bps to 4.72%; and the 2023 bond was up 15 bps in price to 103.27% yielding 4.14%, down 3 bps.
The new 2047 bond was down 3 bps to 96.07% with yield virtually unchanged at 5.525% and the new 10-year bond maturing in 2027 was up 12 bps at 96.43%, with yield down 1.5 bps at 4.755%.