7 Apr 2011 19:41

Russian Eurobond prices dip Thursday

MOSCOW. April 7 (Interfax) - Prices for Russian Eurobonds ended the day down on Thursday amid local worsening of foreign affairs and profit-taking by market operators, and sovereign spread against underlying-asset yield widened a bit on week price-slippage for US Treasuries.

Russia-30 bonds had by 6:20 p.m. Moscow time dropped 30 basis points from Wednesday close to 116.65% of face value, yielding 4.67% per annum (4.63% on Wednesday). Prices for ten-year Treasury Bonds had lost 6 b.p. to 100.56% of face value by that time, yielding 3.56% p.a. (3.55% on Wednesday). Spread between the two issues widened by 3 b.p. to 111 b.p.