30 Dec 2014 18:50

Russian Eurobonds decline markedly on Tuesday

MOSCOW. Dec 30 (Interfax) - Russian Eurobond were trading in negative territory on Tuesday as US Treasuries gained, leading to a marked widening of the spread between the two benchmark issues.

Russia's benchmark 2030 bond was down 63 basis points by 6:10 p.m. Moscow time to 104.21%, yielding 6.50% p.a., up 14 b.p. from previous closing.

Ten-year US Treasuries were up 28 b.p. to 100.69%, yielding 2.17% p.a., down 3 b.p. from previous closing.

Spread in yield between Russia-30 and UST10 widened 17 basis points to 433 b.p.