Eurobonds fall on lower appetite for risk
MOSCOW. June 16 (Interfax) - Russian Eurobond prices fell moderately in the past week as appetite for risk declined.
US Treasuries were little changed and sovereign narrowed a little.
In the week as a whole, Russia's benchmark 2030 bond fell 0.2% to 120.27%. Spread between these and four-year UST widened 7 basis points to 79 bps.
The 2043 bond fell 0.48%; the 2042 bond was down 0.42% - spread between these and UST with the same maturity widened 10 bps to 254 bps; the 2026 bond fell 0.5% in price; the 2023 bond was down 0.36%, with spread widening 10 bps to 166 bps; 2020 fell 0.22% and 2018 fell 0.34%.
The coming week is not expected to produce a clear trend on the Eurobond market due to mixed signals from the world markets, including oil, the Interfax Center for Economic Analysis said.
Instability in the capital markets in expectations the U.S. Federal Reserve will continue to hike interest rates will also take the edge off any buying.
