22 Sep 2011 18:14

Russian Eurobond prices slump Thurs

MOSCOW. Sept 22 (Interfax) - Prices for Russian Eurobonds took a bath on Thursday amid the disappointing announcements out of the U.S. Federal Reserve, though prices for US Treasuries rose, and sovereign spread against underlying-asset yield widened appreciably.

Russia-30 bonds had by 5:47 p.m. Moscow time dropped 285 basis points from Wednesday close to 114.81% of face value, yielding 4.82% per annum (4.37% p.a. on September 21). Ten-year UST had gained 78 b.p. to 103.16% of face value, yielding 1.77% p.a. (1.86% p.a. on September 21). Spread between the two issue widened 54 b.p. to 305 b.p.