Russian Eurobonds edge up on UST
MOSCOW. Feb 22 (Interfax) - Russian Eurobonds rose slightly on Wednesday on the back of US Treasuries and anticipated progress in Russian-American relations.
Sovereign spread widened slightly.
Russia's benchmark 2030 bonds gained 7 basis points in price from previous closing by 6:23 p.m. Moscow time to 120.22%, with yield down 2 bp at 2.35% per annum. Four-year US Treasuries were up 6 bps from previous closing at 101.0%, yielding 1.56%, down 3 bps. Spread between Russia 30 and UST4 widened 3 bps to 79 bps.
Russia's 2043 bond was down 8 bps in price to 113.1% with yield virtually unchanged at 4.98%; the 2042 bond was down 8 bps at 109.18%, also yielding 4.98%, up 0.5 bps; the 2026 bond was up 4 bps at 104.9% yielding 4.11%, down 0.6 bp; and the 2023 bond was up 4 bps at 107.65%, with yield at 3.56%, down 0.7 bp.