17 Jul 2014 12:56

Russian Eurobonds plummet on U.S. sanctions

MOSCOW. July 17 (Interfax) - Russian sovereign Eurobonds are plummeting on the back of the latest weave of U.S. sanctions against selected Russian companies and banks.

Russia's benchmark 2030 bond was down 175 basis points at the start of trading on Thursday to 113.56%, yielding 4.6% p.a., up 34 bps from yesterday.

Spread in yield between these and ten-year US Treasuries widened 34 bps to 208 bps.