18 Mar 2011 19:17

Russian Eurobonds continue to make upward correction on Fri, spread narrows

MOSCOW. March 18 (Interfax) - Russian Eurobonds posted an upward correction on Friday following a wave of recent losses. As a result, spread with US Treasuries narrowed for the day.

By 6:25 pm Moscow time, Russia-30 had increased by 35 basis points to 116.39% with yield at 4.64%, down form 4.7% on Thursday.

By the same time, benchmark UST-10 had decreased by 13 basis points to 102.97% with yield at 3.27%, up from 3.26% on Thursday.

Spread between Russia-30 and US Treasuries narrowed by seven basis points to 137 basis points.