Russian Eurobonds correct up on Thursday
MOSCOW. Jan 22 (Interfax) - Russian Eurobonds corrected up after a fall in quotations at the start of the week.
US Treasuries rose more modestly.
At the same time experts are noting that the decision of the European Central Bank to start a monetary stimulus program led to an increase in the optimism of players on debt markets. However, the reaction of Russian securities to this event was very restrained. Sovereign spread notably narrowed.
Russia's benchmark 2030 bond rose 80 basis points in price by 5:30 p.m. Moscow time to 102.32%, yielding 6.94% p.a., down 19 bps from the previous closing.
Ten-year US Treasuries were up 42 basis points to 103.79%, yielding 1.83% p.a., down 4 bp.
Spread in yield between Russia-30 and UST10 narrowed 15 bps to 511 bps.
