29 Nov 2012 17:44

Russian Eurobonds grow on back of positive foreign markets Thurs

MOSCOW. Nov 29 (Interfax) - Russian Eurobonds grew on Thursday amid favorable foreign market conditions, spurred along by U.S. President Barack Obama's statement on hopes to reach a solution to the "fiscal cliff" before Christmas, as well as by successful auctions for Italian bond placements. In turn, US Treasuries went practically unchanged, resulting in a narrowing of sovereign spreads.

By 5:17 p.m. Moscow time, Russia's benchmark 2030 bond had risen 30 basis points to 127.29%, yielding 2.74% per annum (2.79% pa on November 28).

Ten-year UST fell 6 bp to 99.88%, yielding 1.64% pa (1.63% on Wednesday).

Spread between these and UST narrowed 6 bp to 110 bp.