17 Aug 2011 19:08

Russian Eurobond prices gain on favorable externals

MOSCOW. Aug 17 (Interfax) - Russian Eurobond prices resumed their recovery on Wednesday on favorable externals. The spread to US Treasuries narrowed.

As of 6:45 p.m. Moscow time on Wednesday, the benchmark Russia-30 rose 89 basis points to 119.5% of par with yield at 4.12%, down from 4.26% on Tuesday.

The UST-10 declined 13 basis points to 99% with yield at 2.24%, up from 2.22%.

The spread between the Russia-30 and UST-10 narrowed 16 basis points to 188 basis points.