14 Feb 2012 18:13

Russian Eurobond prices consolidate at achieved levels on Tuesday

MOSCOW. Feb 14 (Interfax) - Prices for Russian Eurobonds were unable to demonstrate strongly pronounced dynamics on Tuesday despite growth on external markets, consolidating near their previously achieved levels, while U.S. Treasuries also hovered, as a result of which sovereign spreads went practically unchanged.

By 5:32 p.m. Moscow time, Russia-30 bonds had grown just 5 basis points from Monday's close to 118.51% of face value, yielding 4.19% per annum (4.2% p.a. yesterday).

Ten-year UST were up 25 bp at 100.47% of face value, yielding 1.95% p.a. (1.98% p.a. on Monday).

Spread between the two issues widened only 2 bp to 224 bp.