Eurobond prices fall on new flight from risk
MOSCOW. June 18 (Interfax) - Prices for most Russian Eurobond issues fell on Monday amid a new wave of investor flight from risk.
US Treasuries were relatively stable sovereign spread widened.
Russia's 2030 bonds fell 18 basis points from previous closing as of 6:15 p.m. Moscow time at 110.16% yielding 4.34% per annum, 5 bps higher. Four-year US Treasuries were down 1 bp from previous closing at 98.65%, with yield practically unchanged at 2.56%. Spread between Russia-30 and UST4 widened 5 bps to 178 bps.
Russia's 2043 bond was down 78 bps at 104.19% yielding 5.565%, up 5 bps; the 2042 bond fell 85 bps to 101.25%, yielding 5.53%, up 6 bps; the 2026 bond was down 47 bps at 99.33% with yield up 7 bps to 4.85%; and the 2023 bond was down 11 bps in price to 103.22% yielding 4.18%, up 2 bps.
The new 2047 bond fell 7 bps to 93.05% with yield up 7 bps to 5.75% and the new 10-year bond maturing in 2027 was down 46 bps at 95.38%, with yield up 7 bps at 4.89%.