16 March 2004 05:54
Forex bonds follow U.S. T-bills down
MOSCOW. March 16 (Interfax) - Russian forex bond followed U.S. T- bills down towards close on Tuesday after remaining
static for most of the day.
Quotes for Eurobonds maturing in 2030 fell below 100% of face value to 99.875%.
Quotes opened at the same level as Monday's close and remained
stable for most of the day. The same calm was observed on the U.S. T-
Alexander Semeinikov of Credittrust puts the increased selling down to dealers taking profits after the big gains at
the beginning of last week. Wall Street opened with gains so players had an idea that T- bills would correct down.
bills market in the European trading session.
However, after 4:00 p.m., Moscow time, when trading in New York usually begins, bonds began to move down.
At 5:30 p.m., indicative quotes were at 92%/92.36% for MinFin-5,
98.25%/98.53% for MinFin-6, 82.25%/82.75% for MinFin-7 and
However, the decline was not deep, with players preferring to keep trading light as they wait for the results of the
next the Federal Open Market Committee meeting. Most dealers are sure that interest rates will not be changed.
At 4:00 p.m., Moscow time, quotes were down 0.1%-0.3% for dollar- denominated Russian Eurobonds maturing from 2018.
Other Eurobonds remained virtually unchanged.
Quotes went up 0.1% for fifth and seventh tranche MinFin bonds, but down 0.1%-0.2% for sixth and eighth tranche
bonds.
94.82%/95.46% for MinFin-8. [RU EUROPE EEU EMRG ASIA FRX EUB GVD INSI] me <>
[Interfax] |
RUSSIA IN FACTS
