13 Jun 2013 18:57

Russian Eurobond prices correct up on Thursday

MOSCOW. June 13 (Interfax) - Prices for Russian state Eurobonds eased upwards Thursday amid a stabilization of the situation on world capital markets and gains for US Treasuries, resulting in sovereign spreads to yield on the underlying assets going virtually unchanged.

Russia-30 bonds had by 6:05 p.m. Moscow time risen seventeen basis points from Wednesday close to 119.98% of face value, yielding 3.72% per annum (3.75% on June 12). Ten-year UST were up forty b.p. by that time at 96.16% of face value, yielding 2.18% p.a. (2.23% p.a.). Spread between the two issues widened just two b.p. from yesterday to 154 b.p.