18 Mar 2013 17:43

Russian Eurobonds static, despite Cyprus deposit levy

MOSCOW. March 18 (Interfax) - Russian Eurobonds consolidated at their previously reached levels on Monday, and despite news of the deposit levy in Cyprus, growing US Treasuries from investor flight to quality supported the market, resulting in a widening of sovereign spreads.

By 5:14 p.m. Moscow time, Russia's benchmark 2030 bond had edged down 3 basis points to 123.74%, yielding 3.1% per annum (also 3.1% pa on March 15).

Ten-year UST had grown 44 basis points to 100.5%, yielding 1.94% pa (1.99% pa on Friday).

Spread between these and UST widened 5 bp to 116 bp.