18 May 2016 18:51

Russian Eurobonds fall on new Fed rate hike fears

MOSCOW. May 18 (Interfax) - Most Russian Eurobonds are falling in price on Wednesday amid growing concerns that the U.S. Federal Reserve will hike interest rates before long.

Russia's benchmark 2030 bonds were down 1 basis point from previous closing by 6:15 p.m. Moscow time at 122.13%, yielding 2.43% p.a., unchanged. Four-year US Treasuries fell 13 bps to 101.56%, yielding 1.24% p.a., up 4 bps, and spread in yield between Russia 30 and UST4 narrowed 4 bps to 119 bps.

Russia's 2043 bond fell 96 bps to 110.41% with yield rising 6 bps to 5.16%; the 2042 bond fell 100 bps to 106.45%, with yield up 7 bps at 5.17%; and the 2023 bond fell 54 bps to 106.77%, with yield up 9 bps at 3.81%.