Russian Eurobond prices extend gains on rising equities, oil
MOSCOW. April 19 (Interfax) - Prices for the majority of Russian Eurobond issues gained on Tuesday amid advances in global equities and oil prices. US Treasuries moved a bit lower amid elevated demand for risk, narrowing the spread between the two benchmark issues.
Russia-30 rose just 2 basis points in price from previous closing by 6:15 p.m. Moscow time to 122.24% yielding 2.48% p.a., unchanged from the previous day.
Five-year US Treasuries were down 9 bps to 101.88%, yielding 1.17% p.a., up 3 bps. Spread in yield between Russia-30 and UST5 narrowed 3 bps to 131 bps.
Russia's 2043 bond gained 51 bps to 108.25% with yield at 5.30%, down 3 bps, the 2042 bond was up 29 bps to 105.22%, with yield down 2 bp to 5.25%; and 2023 was up 31 bps to 106.69% yielding 3.83%, down 5 bps.
