Russian Eurobonds still sliding
MOSCOW. Sept 15 (Interfax) - Most Russian Eurobond issues are falling slightly in price on Thursday amid instability in the US Treasuries market and the desire by investors to take profit ahead of the Federal Reserve's meeting.
US Treasuries themselves inched up in price, and sovereign spreads widened a little.
Russia's benchmark 2030 bond was down 4 basis points by 6:15 p.m. Moscow time at 121.29%, yielding 2.30% per annum, almost unchanged from previous closing. Four-year UST were up 6 bps at 102.09%, yielding 1.06%, down 2 bps. Spread in yield between the two sets of bonds widened 2 bps to 124 bps.
Russia's 2043 bond fell 78 bps in price to 117.71%, yielding 4.71% pa, up 5 bps; the 2042 bonds fell 64 bps to 113.89%, with yield up 4 bps to 4.69% pa; and 2023 fell 27 bps in price to 108.96%, with yield rising 4 bps to 3.42% pa.