Russian Eurobonds win back Friday losses, stabilize in expectation of US elections
MOSCOW. Nov 7 (Interfax) - The prices of the majority of Russian Eurobond issues on Monday won back their losses on Friday, climbing back to November 3 closing levels and stabilizing in expectation of the US presidential election results.
US Treasuries fell in price and sovereign spreads narrowed slightly.
The benchmark Russia 2030 bond rose 6 basis points by 6:15 p.m. Moscow time to 121.19%, yielding 2.43% per annum, down 1 point. Four-year US Treasuries fell 19 basis points to 101.81%, yielding 1.11% per annum, up 5 basis points. Spread between the two sets of bonds narrowed 6 bps to 132 bps.
The 2043 bond grew 62 basis points to 116.19%, with yield down 4 points to 4.97% per annum. The 2042 bond grew 35 basis points to 109.52%, with yield down 2 points to 4.96% per annum. The 2026 bond grew 32 points to 105.70%, yielding 4.02% per annum, down 5 points. Finally, the 2023 bond grew 4 points to 107.25%, with yield down 0.5 points to 3.67% per annum.