28 Sep 2012 18:02

Russian Eurobonds post gains on Fri thanks to news from Spain

MOSCOW. Sept 28 (Interfax) - Quotations for Russian Eurobonds on Friday moved upward thanks to positive external market trends, which were driven by news that the Spanish government has approved its 2013 budget. In turn, US Treasuries increased for the day, which meant that spreads on yields for base assets narrowed very slightly.

By 5:22 pm Moscow time, Russia-30 had increased by 45 basis points to 126.24% with yield at 2.99%, down from 3.05% on September 27.

By the same time, benchmark UST-10 had increased by 28 basis points to 100% with yield at 1.62%, down from 1.66% on Thursday.

Therefore, spread between Russia-30 and US Treasuries narrowed by two basis points to 137 basis points.