31 Jan 2012 18:22

Russian Eurobonds post moderate gains thanks to positive global markets

MOSCOW. Jan 31 (Interfax) - Quotations for Russian Eurobonds increased steadily on Tuesday following an upturn for global markets. At the same time, US Treasuries did not post a clear direction, which led to a slight narrowing of spread.

By 5:55 pm Moscow time, Russia-30 had increased by 24 basis points to 118.7% with yield at 4.17%, down from 4.21% on January 30.

By the same time, benchmark UST-10 had increased by only three basis points to 101.41% with yield at 1.84%, down from 1.85% on Monday.

Spread between Russia-30 and UST-10 narrowed by three basis points to 233 basis points.