25 Jun 2013 19:04

Russian Eurobonds rebound from 18-month lows Tuesday

MOSCOW. June 25 (Interfax) - Russian Eurobonds rebounded from their 18-month low on Tuesday amid stabilization on global capital markets, while sovereign spreads narrowed significantly due to rising investor appetite for risk.

By 6:09 p.m. Moscow time, Russia's benchmark 2030 bond had skyrocketed 130 basis points to 115.96%, yielding 4.38% per annum (23 bp below Monday's close).

Ten-year UST had fallen 27 bp to 92.88%, yielding 2.57% pa (2.54% pa on Monday).

Spread between these and UST narrowed 26 bp to 181 bp.