Russian Eurobonds follow UST up on Yellen testimony
MOSCOW. July 12 (Interfax) - Prices for most Russian Eurobond issues are rising markedly on the back of US Treasuries following the publication of Federal Reserve head Jane Yellen's Congressional testimony.
The benchmark Russia 2030 bond rose 8 basis points by 6:15 p.m. Moscow time to 120.17%, yielding 2.22% per annum, down 2 bps. Four-year US Treasuries grew 12 bps to 101.08%, yielding 1.50% per annum, down 4 bps. Spread between the two sets of bonds widened 2 bps to 72 bps.
But 2043 bond jumped 157 bps to 112.15%, with yield falling 10 bps to 5.03% per annum; the 2042 bond rose 150 bps to 109.08%, with yield down 10 bps to 4.98%; the 2026 bond rose 47 bps to 104.05%, yielding 4.20% per annum, down 6 bps; and the 2023 bond rose 29 bps to 106.86%, with yield falling 6 bps to 3.62%.
