6 Apr 2011 19:08

Russian Eurobonds increase on Wed thanks to high oil prices

MOSCOW. April 6 (Interfax) - Quotations for Russian Eurobonds on Wednesday posted steady gains owing to positive foreign exchange trends and high oil prices. Spread with US Treasuries narrowed slightly.

By 6:25 pm Moscow time, Russia-30 had increased by 14 basis points to 116.95% with yield at 4.63%, down from 4.65% on Tuesday.

By the same time, benchmark UST-10 had gone down by 28 basis points to 100.91% with yield at 3.51%, up from 3.48% on Tuesday.

Spread between Russia-30 and UST-10 narrowed by five basis points to 112 basis points.