Russian Eurobonds moderately lower on oil
MOSCOW. July 18 (Interfax) - Most Russian Eurobonds declined in price on Monday along with oil and slackening investor interest in risk assets. But US Treasuries also declined, resulting in a slight narrowing of the spread between the two benchmark issues.
Russia's 2030 bonds were down 6 basis points from previous closing by 6:15 p.m. Moscow time at 122.21%, yielding 2.27% p.a. up 1 bp from previous closing. Four-year US Treasuries were down 13 bps from previous closing at 102.28%, yielding 1.03%, up 3 bps, and spread in yield between Russia 30 and UST4 narrowed 2 bps to 124 bps.
Russia's 2043 bond declined 103 bps to 116.23% with yield up 6 bp at 4.79%; the 2042 bond fell 94 bps to 112.73%, yielding 4.76%, up 6 bps; and the 2023 bond lost 18 bps to 107.74% with yield up 2 bps at 3.48% p.a.
