28 May 2013 19:54

Russian Eurobond prices slide Tuesday

MOSCOW. May 28 (Interfax) - Prices for Russian state Eurobonds slipped a bit Tuesday as US Treasuries also headed down after the release of positive macroeconomic statistics in the United States, and sovereign spreads to yield on the underlying assets narrowed somewhat.

Russia-30 bonds were by 6:20 p.m. Moscow time down sixteen basis points at 123.47% of face value, yielding 3.19% per annum (3.16% p.a. on May 27). Benchmark ten-year UST were down 84 b.p. by that time and 96.81% of face value, yielding 2.11% p.a. Spread between the two issues had narrowed seven b.p. to 108 b.p.