10 Jun 2013 19:14

Russian Eurobonds resume slide; spread to US Treasuries widens

MOSCOW. June 10 (Interfax) - Prices for Russian state Eurobonds resumed declining on Monday amid uncertainty on world markets. US Treasuries were also slightly lower, but the spread between them widened.

Russia-30 bonds at 6:20 p.m. Moscow time were down 82 basis points at 120.03% of face value, yielding 3.72% per annum (3.58% p.a. on June 7). Benchmark ten-year UST were down 19 b.p. at 96.03% of face value by that time, yielding 2.20% p.a. (2.17% p.a. on June 7).

Yield spread between the two issues narrowed 11 b.p. to 152 b.p.