3 Mar 2016 19:42

Eurobond prices gain steadily on emerging market optimism

MOSCOW. March 3 (Interfax) - Prices for the majority of Russian Eurobond issue gained steadily on Thursday on global optimism over emerging markets. US Treasuries were slightly lower against rising appetite for risk, narrowing the spread between the two benchmark issues.

Russia-30 was up 5 basis points from previous closing by 6:20 p.m. Moscow time at 122.11%, yielding 2.39% p.a., down 2 bps.

Five-year US Treasuries were down 6 bps to 100%, yielding 1.25% p.a., up 2 bps. Spread in yield between Russia-30 and UST5 narrowed 4 bps to 114 bps.

Russia's 2043 bond gained 24 bps to 100.55% with yield at 5.83%, down 2 bps; the 2042 bond was up 27 bps to 98.38%, with yield down 2 bps to 5.75%; and 2023 was unchanged at 103.51%, yielding 4.32%.