17 Sep 2013 18:25

Russian Eurobond prices slide, though US Treasuries rise

MOSCOW. Sept 17 (Interfax) - Prices for Russian Eurobonds slipped on Tuesday even though the debt sector's basic asset, US Treasuries, posted gains, resulting in a widening of spreads to yield on the underlying assets.

By 5:45 p.m. Moscow time, prices for Russia-30 bonds had given up 17 basis points from Monday close to 117.05% of face value, yielding 4.09% per annum. Ten-year UST were by that time up 25 b.p. at 97.12% of face value, yielding 2.84% p.a. Spread between the issues widened 6 points to 125 b.p.