9 Aug 2011 18:07

Russian Eurobonds fall following world markets, spread widens

MOSCOW. Aug 9 (Interfax) - Russian Eurobonds on Tuesday posted major losses following the overall decline of world markets. Quotations for US Treasuries posted less noticeable losses, which led to a widening of spread.

By 5:39 pm Moscow time, Russia-30 had decreased by 99 basis points to 117.74% with yield at 4.4%, up from 4.25% on August 8.

By the same time, benchmark UST-10 had gone down by 53 basis points to 106.47% with yield at 2.38%, up from 2.32%.

Therefore, spread between Russia and US Treasuries widened by nine basis points to 202 basis points.