Russian Eurobonds follow UST higher on Tuesday
MOSCOW. Aug 1 (Interfax) - Prices for the majority of Russian Eurobonds gained steadily along with US Treasuries on Tuesday amid publication of worse-than-expected macroeconomic data. The spread in sovereign yields was little changed.
Russia's benchmark 2030 bonds were up 1 basis point from previous closing by 6:15 p.m. Moscow time at 120.16%, with yield down 0.5 bps at 2.16% per annum. Four-year US Treasuries were up 6 bps from previous closing at 101.16%, with yield down 2 bps at 1.47%. Spread between Russia 30 and UST4 widened 1.5 bps to 69 bps.
Russia's 2043 bond was up 29 bps at 113.19% yielding 4.97%, down 2 bps; the 2042 bond was up 28 bps at 109.46%, yielding 4.955%, down 2 bps; the 2026 bond was up 9 bps at 104.94% yielding 4.08%, down 1 bp; and the 2023 bond was up 15 bps at 108.29%, with yield down 2.5 bps at 3.365%.
The new Eurobond issue maturing in 2047 gained 38 bps to 101.4% yielding 5.16%, down 2 bps, and the 2027 bond was up 17 bps to 101.13% yielding 4.11%, down 2 bps.