26 Sep 2013 18:25

Russian Eurobond market drifts sideways Thursday

MOSCOW. Sept 26 (Interfax) - Prices for Russian Eurobonds changed little on Thursday as US Treasuries corrected downward, and sovereign spreads to yield on the underlying assets narrowed just a little.

By 4:40 p.m. Moscow time, prices for Russia-30 bonds were flat with Wednesday at 118.83 of face value, yielding 3.90% per annum (down a basis point from yesterday's close). Ten-year UST were by that time down 13 b.p. at 98.75% of face value, yielding 2.64% p.a. (up a b.p.). Spread between the two issues narrowed but 2 points to 126 b.p.