20 Mar 2012 18:15

Russian Eurobonds decrease on wave of worldwide pessimism

MOSCOW. March 20 (Interfax) - Quotations for Russian Eurobonds dropped on Tuesday because of negative trends on world capital markets, as well as a decrease in oil prices. In turn, US Treasuries increased slightly, which caused a widening of spreads.

By 5:38 pm Moscow time, Russia-30 had decreased by 37 basis points to 118.84% with yield at 4.1%, up from 4.04% on Monday.

By the same time, benchmark UST-10 had increased by 22 basis points to 96.88% with yield at 2.35%, down from 2.38% on Monday.

Therefore, spread between Russia-30 and UST-10 had widened by nine basis points to 175 basis points.