28 Jun 2013 19:33

Russian Eurobonds follow US Treasuries lower on Friday

MOSCOW. June 28 (Interfax) - Prices for Russian state Eurobonds followed US Treasuries lower on Friday as institutional investors reconfigured their portfolios on the last day of the quarter.

Russia-30 bonds at 5:50 p.m. Moscow time were down 4 basis points at 116.89% of face value, yielding 4.22% per annum (4.21% p.a. on June 27). Benchmark ten-year UST were down 32 b.p. at 93.38% of face value by that time, yielding 2.51% p.a. (2.47% on June 27).

Yield spread between the two issues narrowed 3 b.p. to 171 b.p.