1 Jul 2014 17:42

Russian Eurobonds fall in price Tuesday

MOSCOW. July 1 (Interfax) - Russian Eurobonds demonstrated a notable drop in price on Tuesday following Ukrainian President Petro Poroshenko's order to end a ceasefire with separatists in the country's East.

Russia's benchmark 2030 bond fell 54 basis points by 5:10 p.m. Moscow time to 115.57%, yielding 4.23% p.a., up 9 basis points from previous closing.

Ten-year US Treasuries fell 19 basis points to 99.57%, yielding 2.55% p.a., up 2 bps from previous closing.

Spread in yield between Russia-30 and UST10 widened 7 bps to 168 bps.