6 Sep 2013 17:55

Russian Eurobonds follow UST up Friday

MOSCOW. Sept 6 (Interfax) - Russian Eurobonds posted gains on Friday amid soaring US Treasuries in reaction to the publication of U.S. labor market data, resulting in a widening of sovereign spreads.

By 4:40 p.m. Moscow time, Russia's benchmark 2030 bond had risen 24 basis points to 115.06%, yielding 4.46% per annum (down 4 bp over yesterday).

Ten-year UST had skyrocketed 89 bp to 96.66%, yielding 2.89% pa (down 11 bp over Thursday).

Spread between these and UST widened 7 bp to 157 bp.