Russian Eurobond prices gain on oil
MOSCOW. April 6 (Interfax) - Prices for the majority of Russian Eurobonds gained on Thursday amid rising oil prices. The spread between the two benchmark issues narrowed slightly.
Russia's benchmark 2030 bonds were up 3 basis points from previous closing by 6:15 p.m. Moscow time at 120.67%, with yield down 1 bp at 2.38% per annum. Four-year US Treasuries were down 5 bps from previous closing at 101.08%, with yield up 1 bp at 1.53%. Spread between Russia 30 and UST4 narrowed 2 bps to 85 bps.
Russia's 2043 bond was up 18 bps to 115.13% with yield down 1 bp at 4.85%; the 2042 bond was up 11 bps at 111.15%, yielding 4.85%, also down 1 bp; the 2026 bond was up 36 bps at 105.17% yielding 4.07%, down 4 bps; and the 2023 bond was up 12 bps at 107.86%, with yield at 3.5%, down 2 bps.
