Russian Eurobonds decline on oil
MOSCOW. March 14 (Interfax) - Prices for the majority of Russian Eurobond issues declined slightly on Monday as oil prices moved lower. US Treasuries gained amid diminishing investor appetite for risk, resulting in a wider spread between the two benchmark issues.
Russia-30 was an exception, rising 5 basis points in price from previous closing by 6:15 p.m. Moscow time to 121.93% yielding 2.40% p.a., down 1 bp.
Five-year US Treasuries were up 13 bps to 99.63%, yielding 1.35% p.a., down 3 bps. Spread in yield between Russia-30 and UST5 widened 2 bps to 105 bps.
Russia's 2043 bond declined 18 bps to 102.29% with yield at 5.71%, up 1 bp, the 2042 bond was down 21 bps to 100.3%, with yield up 1 bp to 5.6%; and 2023 was down 29 bps to 104.25% yielding 4.21%, up 4 bps.
