12 Jul 2010 18:49

Russian Eurobonds continue steady gains on Mon

MOSCOW. July 12 (Interfax) - Russian Eurobonds continued to post gains on Monday. However, trading activity was very low since no economic statistics being released.

US Treasuries traded around the level of Friday's close. As a result, spread with Russian Eurobonds continued to narrow.

By 6:05 pm Moscow time, Russia-30 had increased by 19 basis points to 113.67% with yield at 5.19%, down from 5.22% on Friday.

By the same time, benchmark UST-10 had edged up by four basis points to 103.81% with yield at 3.05%, which is unchanged from Friday.

Spread between Russia-30 and UST-10 narrowed by three basis points to 214 basis points.