23 May 2011 19:26

Russian Eurobonds slips owing to worsening situation on world markets

MOSCOW. May 23 (Interfax) - Quotations for Russian Eurobonds on Monday posted losses owing to the worsening situation on world stock exchanges and commodity markets as debt problems in the Eurozone became more intense. At the same time, US Treasuries posted minor gains for the day, which led to a noticeable widening of spread with Russian issues.

By 6:30 pm Moscow time, Russia-30 had decreased by 43 basis points to 116.88% with yield at 4.6%, up from 4.56% on Friday.

By the same time, benchmark UST-10 had increased by 31 basis points to 100.13% with yield at 3.11%, down from 3.15% on Friday.

Spread between Russia-30 and UST-10 widened by 10 basis points to 149 basis points for the day.