30 Jan 2013 19:52

Russian Eurobonds drop, spreads widen Wed

MOSCOW. Jan 30 (Interfax) - Russian Eurobonds intensified their fall on Wednesday in anticipation of further growth in interest rates on US Treasuries, resulting in a notable widening of sovereign spreads.

By 6:45 p.m. Moscow time, Russia's benchmark 2030 bond had dropped 90 basis points to 124.88%, yielding 3% per annum (2.87% pa on Tuesday).

Ten-year UST were down 13 bp to 96.53%, yielding 2.02% pa (2% on January 29).

Spread between these and UST widened 11 bp to 98 bp.