Sovereign bonds of Russia, Angola and Saudi Arabia decline as oil...

© Reuters.

LONDON (Reuters) – Dollar-denominated government bonds to Russia, along with a group of major oil producers, fell on Friday, as a nearly 5 percent drop in crude prices and news of US President Donald ’s infection with the Corona virus triggered a selling wave.

TradeWeb data showed that Russia’s bonds, due in June 2047 and September 2043, fell between 0.5 and 0.7 cents in the dollar.

The trend of risk aversion appeared in weakness, which fell 1.6 percent against the dollar, to 78.60.

Among other oil producers, Angola’s dollar bonds maturing in November 2025 decreased by 0.8 cents, and Saudi Arabia’s issuances due in October 2046 and October 2047 fell by 0.7 cents.

(Prepared by Moataz Muhammad for the Arabic Bulletin)

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