Russian Eurobonds declining again after yesterday's rebound, following UST down
MOSCOW. Jan 24 (Interfax) - Prices for most Russian Eurobonds are edging down on Wednesday following yesterday's rebound as US Treasuries started a new wave of losses.
Russia's benchmark 2030 bonds were down 16 basis points from previous closing by 6:15 p.m. Moscow time at 114.8% with yield at 3.22% per annum, 4 bps higher. Four-year US Treasuries were down 4 bps from previous closing at 99.39%, with yield up 2 bps at 2.135%. Spread between Russia-30 and UST4 widened 2 bps to 108.5 bps.
Russia's 2043 bond was down 50 bps at 115.05%, yielding 4.84%, up 3 bps; the 2042 bond fell 45 bps to 110.12%, yielding 4.84%, up 3 bps; the 2026 bond fell 7 bps at 106.31% with yield up 1 bps at 3.86%; and the 2023 bond was down 10 bps in price to 107.44%, yielding 3.41%, up 2 bps.
The new 2047 bond was down 50 bps to 104.4% with yield up 3 bps at 4.96%; and the new 10-year bond maturing in 2027 fell 19 bps to 103.03%, with yield up 2 bps at 3.86%.