Eurobonds correct up as world markets stabilize
MOSCOW. June 20 (Interfax) - Prices for most Russian Eurobond issues corrected up on Wednesday as the world capital markets stabilized.
US Treasuries were little changed and sovereign spread narrowed.
Russia's 2030 bonds rose 6 basis points from previous closing as of 6:15 p.m. Moscow time to 110.06% yielding 4.37% per annum, 1.5 bps lower. Four-year US Treasuries were down 1 bp from previous closing at 98.66%, with yield up 0.5 bps at 2.56%. Spread between Russia-30 and UST4 narrowed 2 bps to 181 bps.
Russia's 2043 bond was up 106 bps at 105.1% yielding 5.5%, down 7.5 bps; the 2042 bond rose 98 bps to 102.11%, yielding 5.465%, down 7.5 bps; the 2026 bond was up 32 bps at 99.15% with yield down 6 bps to 4.88%; and the 2023 bond was up 18 bps in price to 103.23% yielding 4.18%, down 4 bps.
The new 2047 bond rose 120 bps to 94.17% with yield down 9 bps to 5.66% and the new 10-year bond maturing in 2027 was up 45 bps at 95.21%, with yield down 6 bps at 4.915%.