Russian Eurobonds again down amid unstable oil, expectations of Fed rate
MOSCOW. Sept 14 (Interfax) - The prices of the majority of issues of Russian Eurobonds on Wednesday fell gradually amid the unstable situation on oil markets and in expectation of a decision by the U.S. Federal Reserve on the rate.
US Treasures rose in price amid flight from risk, which led to a widening of sovereign spread.
Russia's benchmark 2030 bond fell 3 basis points by 6:15 p.m. Moscow time to 121.31% per annum, which corresponds to yield of 2.30%, which was practically unchanged.
US Treasuries rose 13 basis points to 102%, yielding 1.08% pa, down 4 basis points. Sovereign spread widened by 4 points to 122 basis points.
The 2043 bonds fell by 27 bps to 118.54%, yielding 4.66% pa up 1.5 points; the 2042 bonds fell 31 bps to 114.62%, yielding 4.64%, up 2 points; the 2023 bonds fell 5 bps to 109.23%, yielding 3.38% up 1 point.