23 May 2012 18:03

Russian Eurobonds follow foreign markets down

MOSCOW. May 23. (Interfax) - Russian Eurobonds followed global markets slightly down on Wednesday, while US Treasuries were pushed up by investor flight towards quality, leading to a widening of sovereign spreads.

Russia's benchmark 2030 bond was down 30 basis points from Tuesday's closing at 5:43 p.m. Moscow time to 118.77%, yielding 4.14% p.a., compared with 4.1% on Tuesday.

Ten-year US Treasuries rose 38 bp to 100.19%, yielding 1.73% p.a. (1.77% p.a. on Tuesday).

Spread in yield between these and UST10 widened 8 bp to 241 bp.