Russian Eurobonds move little on Tuesday due to high risk, declining USTs
MOSCOW. Apr 25 (Interfax) - Prices for most Russian Eurobond issues moved little on Tuesday on the back of high demand for risky assets by global investors and declining US Treasuries.
The benchmark Russia 2030 bond was unchanged by 6:15 p.m. Moscow time at 120.68%, yielding 2.33% per annum. Four-year US Treasuries fell 9 bps to 101.13%, yielding 1.51% per annum, up 3 bps. Spread between the two sets of bonds narrowed 3 points to 82 bps.
The 2043 bond grew 13 basis points to 115.63%, with yield down 2 points to 4.82% per annum; the 2042 bond rose 5 basis points to 111.59%, with yield practically unchanged at 4.82%; the 2026 bond grew 4 bps to 105.54%, yielding 4.015% per annum, down 0.5 bps; and the 2023 bond grew 6 points to 108.39%, with yield down 1 bp to 3.4%.
