Russian Eurobonds top 116% on Wed, spread with UST narrows
MOSCOW. March 17 (Interfax) - Russian Eurobonds on Wednesday topped 116% with yield going below 4.9% on positive mood following a meeting of the U.S. Federal Reserve System.
By 6:39 pm Moscow time, Russia-30 had increased by 43 basis points to 116.02% with yield at 4.87%, down from 4.93% on Tuesday. By the same time, benchmark UST-10 had increased by three basis points to 99.81% with yield at 3.65%, unchanged from Tuesday.
Spread between Russia-30 and UST-10 narrowed by six basis points to 122 basis points.