21 Mar 2012 18:00

Russian Eurobonds consolidate near achieved levels on Wednesday

MOSCOW. March 21 (Interfax) - Russian Eurobonds were adrift near their previously achieved levels on Wednesday, while U.S. Treasuries were also unable to demonstrate pronounced dynamics, resulting in practically unchanged sovereign spreads.

Russia's benchmark 2030 bond was down 8 basis points from Tuesday's closing at 5:40 p.m. Moscow time to 118.71%, yielding 4.11% p.a. (compared to 4.1% p.a. on Tuesday).

Ten-year US Treasuries rose 28 bp to 97.09%, yielding 2.33% p.a. (2.36% p.a.).

Spread in yield between these and UST10 widened 4 bp to 178 bp.