Russian Eurobonds follow UST down on Yellen comments
MOSCOW. Sept 27 (Interfax) - Prices for Russian Eurobonds are falling on Wednesday on the back of US Treasuries, which are baulking at hawkish rhetoric from Federal Reserve chief Janet Yellen.
Russia's 2030 bonds were down 26 basis points from previous closing by 6:15 p.m. Moscow time at 117.13%, with yield up 6 bps at 2.71% per annum. Four-year US Treasuries were down 8 bps from previous closing at 100.84%, with yield up 3 bps to 1.56%. Spread between Russia 30 and UST4 widened 3 bps to 115 bps.
Russia's 2043 bond fell 159 bps to 113.63% yielding 4.94%, up 10 bps; the 2042 bond fell 151 bps to 110.57%, yielding 4.88%, up 10 bps; the 2026 bond was down 59 bps at 105.98% with yield up 8 bps at 3.93%; and the 2023 bond fell 39 bps to 108.95%, with yield up 7 bps at 3.21%.
The new 2047 bond fell 115 bps to 101.46%, yielding 5.15%, up 7 bps; and the new 10-year bond maturing in 2027 fell 80 bps to 101.52%, with yield up 10% bps at 4.06%.