2 Dec 2011 19:04

Russian Eurobonds post gains on news of possible financial assistance for struggling EU countries

MOSCOW. Dec 2 (Interfax) - Quotations for Russian Eurobonds on Friday posted gains and continued their four-day upswing. The gains were made thanks to news that the European central banks might provide around 200 billion euro to struggling countries through the IMF. At the same time, US Treasuries went down, which caused a narrowing of spread.

By 5:39 pm Moscow time, Russia-30 had increased by 66 basis points to 118.93% with yield at 4.2%, down from 4.3% on December 1.

By the same time, benchmark UST-10 had lost 31 basis points at 98.88% with yield at 2.13%, up from 2.09% on Thursday.

Therefore, spread between Russia-30 and UST-10 narrowed by 14 basis points to 207 basis points.