4 Mar 2014 18:25

Russian Eurobonds, UST trade mixed on Tuesday

MOSCOW. March 4 (Interfax) - Prices for Russian Eurobonds rebounded from losses on Monday amid negative movement for US Treasuries, and sovereign spreads against yield on the underlying assets narrowed appreciably.

By 4:55 p.m. Moscow time, Russia-30 bonds were up 119 basis points from Monday close at 114.82% of face value, yielding 4.41% per annum (down 22 b.p. from close yesterday). Ten-year UST were down 42 b.p. at 100.87% of face value, yielding 2.65% p.a. (up 5 b.p.). spread between the issues narrowed 27 points to 176 b.p.