8 Jul 2011 19:27

Russian Eurobonds go almost unchanged, spread widens

MOSCOW. July 8 (Interfax) - Quotations for Russian Eurobonds practically went unchanged on Friday while US Treasuries, following the release of negative labor market stats from the U.S., posted strong gains. As a result, spread between benchmark issues widened.

By 6:10 pm Moscow time, Russia-30 decreased by two basis points to 117.92% with yield at 4.4%, unchanged from Thursday.

By the same time, benchmark UST-10 had increased by 81 basis points to 100.69% with yield at 3.04%, down from 3.14% on Thursday.

Therefore, spread between Russia-30 and UST-10 widened during the day by 10 basis points to 136 basis points.