18 June 2004 05:43
Eurobonds stop climbing Friday
MOSCOW. June 18 (Interfax) - Quotes for Russian Eurobonds stopped climbing on Friday after almost a full week of
gains. Prices fluctuated within a lateral trend in light trading.
President Vladimir Putin's statement that the government did not want to see Yukos bankrupt continued to have a
positive impact on the market straight after opening and Eurobonds maturing in 2030 hit a maximum for the day of
92.75%.
As of 4:00 p.m., Moscow time, compared with 5:30 p.m. on Thursday,
quotes were up 0.5%-0.8% on average for Eurobonds, although bonds
However, some players began to take profits soon afterwards and this led to a slight downward correction. The market
then fell into a lull and only picked up for a while when New York dealers joined the market, but prices did not
change.
The market will probably be in good form next week, a dealer with Metallinvestbank said. Eurobonds maturing in 2030
will aim to get passed 93% in light trading. Relative stability is expected on the U.S. T-bills market ahead of the
Federal Reserve meeting to decide on interest rates. With the market already aware of all indicators that might
influence the Fed's decision, only new official statements will be a cause for concern.
maturing in 2005 were virtually unchanged.
Quotes rose 0.8%-1% for fifth and seventh tranche MinFin bonds and 0.2%-0.5% for sixth and eighth tranche bonds. [RU
EUROPE EEU EMRG ASIA FRX EUB GVD INSI] me
[Interfax] |
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