Eurobonds and the negative pressure from the United States
Following the European stock exchange and commodity market quotes sovereign Eurobonds significantly “proseli at auction on Wednesday, June 17. Price issuance Russia-30 (YTM 7.75 per cent) decreased by about 1 percentage point – Up to 98.5 per cent of the nominal value. In doing so, its spread to UST has become more than 400 bp for the first time since late May, noted MDM Bank.
Significant changes in Russian corporate bonds are not observed. The negativity of the United States is continuing to push on the market, but the correction has only been viewed in the long segment of the curve Eurobonds, notes Promsvyazbank.
