Eurobond price gains halt on UST downturn
MOSCOW. Dec 19 (Interfax) - Price gains for the majority of Russian Eurobonds halted on Tuesday amid a decline in US Treasuries. Spread between the two benchmark issues was virtually unchanged.
Russia's benchmark 2030 bonds were down 8 basis points from previous closing by 6:15 p.m. Moscow time at 115.49% with yield at 3.13% per annum, up 2 bps. Four-year US Treasuries were down 5 bps from previous closing at 99.91%, with yield up 2 bps at 1.91%. Spread between Russia-30 and UST4 was unchanged at 122 bps.
Russia's 2043 bond was down 17 bps at 116.11% yielding 4.78%, up 1 bp; the 2042 bond was down 25 bps at 112.07%, yielding 4.78%, up 1.5 bps; the 2026 bond was down 5 bps at 106.28% yielding 3.87%, up 0.5 bps; and the 2023 bond fell 6 bps in price to 108.45% yielding 3.25%, up 1.5 bps.
The new 2047 bond was down 29 bps to 104.18% yielding 4.98%, up 2 bps; and the new 10-year bond maturing in 2027 was down 7 bps at 103.01%, with yield up 1 bp at 3.87%.