02 June 2004 05:47
Eurobonds virtually unchanged Wednesday
MOSCOW. June 2 (Interfax) - Quotes for Russian Eurobonds remained virtually unchanged Wednesday. Trading was slightly
brisker than the previous day, but remained below average.
Trading was sluggish in anticipation of U.S. unemployment figures, which are to be released Friday.
As of 4:00 p.m., Moscow time, quotes were down 0.1% on average for
Eurobonds. Bonds maturing in 2028 were the exception with a drop of
Prices continued to slide upon opening with Eurobonds maturing in 2030 falling to 90% of face value. However, there
was some buying in the afternoon, which was due to a more optimistic mood on the U.S. T-bills market, said Alexander
Kudrin of Troika Dialog. By close of trade, prices were back to opening levels.
A correction on the stock market also had a positive impact, a dealer at Zenit bank said.
Analysts predict quiet trading on Thursday, with some fluctuation toward the end of the day as the market reacts to
U.S. T-bills.
almost 1%.
Quotes went down 0.01%-0.14% for fifth and sixth tranche MinFin bonds, 0.7% for seventh tranche bonds, and 0.3%-0.4%
for eighth tranche bonds. [RU EUROPE EEU EMRG ASIA FRX EUB GVD INSI] me
[Interfax] |
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