3 Oct 2017 18:53

Russian Eurobonds little changed on Tuesday ahead of economic data in U.S., Europe

MOSCOW. Oct 3 (Interfax) - The majority of Russian Eurobonds were little changed in price on Tuesday against the backdrop of stable US Treasuries as investors awaited the publication of economic data in the U.S. and Europe later in the week.

Russia's benchmark 2030 bonds were unchanged from previous closing by 6:15 p.m. Moscow time at 117.81%, with yield at 2.78% per annum. Four-year US Treasuries were up 2 bps from previous closing at 100.8%, with yield down 2 bps at 1.57%. Spread between Russia 30 and UST4 widened 2 bps to 121 bps.

Russia's 2043 bond was up 13 bps at 115.05% yielding 4.85%, down 1 bp; the 2042 bond was down 5 bps at 111.54%, yielding 4.82%, up 0.5 bps; the 2026 bond was down 10 bps at 105.89% yielding 3.94%, up 1.5 bps; and the 2023 bond was up 10 bps at 109.05%, with yield down 2 bps at 3.19%.

The new 2047 bond was up 7 bps to 102.3% yielding 5.10%, down 0.5 bps; and the new 10-year bond maturing in 2027 was unchanged at 101.77%, with yield at 4.03%.