OPEC agreement in Algiers boosts Russian Eurobonds
MOSCOW. Sept 29 (Interfax) - Prices for the majority of Russian Eurobonds gained moderately on Thursday following the agreement OPEC reached in Algiers on Wednesday. US Treasuries declined slightly, resulting in a narrower spread between the two benchmark issues.
Russia's 2030 bonds were virtually unchanged from previous closing by 6:15 p.m. Moscow time at 121.57%, with yield holding steady at 2.44% per annum. Four-year US Treasuries were down 3 bps from previous closing at 102.22%, yielding 1.02%, up 1 bp, and spread in yield between Russia 30 and UST4 narrowed 1 bp to 142 bps.
Russia's 2043 bond gained 62 bps to 120.41% with yield down 4 bps at 4.55%; the 2042 bond was up 48 bps at 116.45% yielding 4.53%, down 3 bps; the 2026 bond was up 9 bps to 108.15% yielding 3.74%, down 1 bp; and the 2023 bond gained 24 bps to 110.42%, with yield at 3.19%, down 4 bps.