13 Mar 2012 18:15

Russian Eurobonds practically go unchanged in leadup to Fed meeting

MOSCOW. March 13 (Interfax) - Quotations for Russian Eurobonds went practically unchanged on Tuesday as market players await the results from the new meeting of the U.S. Federal Reserves. In turn, US Treasuries posted minor losses, which led to a slight narrowing of spread for the day.

By 5:36 pm Moscow time, Russia-30 had increased by only one basis point to 119.84% with yield at 3.95%, unchanged from Monday.

By the same time, benchmark UST-10 had lost 25 basis points at 99.44% with yield at 2.06%, up from 2.03% on March 12.

Therefore, spread between Russia-30 and UST-10 narrowed by three basis points to 189 basis points.