3 Oct 2013 18:20

Russian Eurobonds correct lower on Thursday

MOSCOW. Oct 3 (Interfax) - Prices for Russian state Eurobonds corrected downward on Thursday resulting in a slightly wider spread to US Treasuries.

Russia-30 bonds at 4:45 p.m. Moscow time were down 24 basis points at 118.50% of face value, yielding 3.95% per annum (3.91% p.a. on October 2). Benchmark ten-year UST were down 5 b.p. at 98.93% of face value by that time, yielding 2.63% p.a. (2.64% on October 2).

Yield spread between the two issues widened 3 b.p. to 132 b.p.