16 Jun 2011 19:47

Russian Eurobonds reverse decline on Thursday

MOSCOW. June 16 (Interfax) - Russian Eurobond prices declined in the first part of the trading session on Thursday, but prices began to recover on improving externals. The spread to US Treasuries widened slightly.

As of 6:35 p.m. Moscow time on Thursday, the benchmark Russia-30 fell 20 basis points to 117.81% of par with yield at 4.435%, up from 4.405% on Wednesday.

The UST-10 gained 19 basis points to 101.5% with yield at 2.95%, down from 2.97%.

The spread between the Russia-30 and UST-10 widened 5 basis points to 148.5 basis points.