Russian Eurobond decline sharply on Tuesday; spread widens
MOSCOW. April 27 (Interfax) - The decline in Russian Eurobond prices, first noted in the middle of last week, accelerated on Tuesday amid concerns Greece might default on its debt despite assistance from the EU and IMF. The spread to US Treasuries widened considerably.
As of 6:50 p.m. Moscow time on Tuesday, the Russia-30 was down 126 basis points to 113.85% with yield at 5.21%, up from 5.02% on Monday.
The UST-10 rose 38 basis points to 98.88% with yield at 3.76%, down from 3.81%.
The spread between the Russia-30 and UST-10 widened 24 basis points to 145 basis points.