Eurobonds continue to fall, spread widens
MOSCOW. Dec 8 (Interfax) - A decrease in international stock and commodities markets means lowered appetite for risk on Tuesday leading to profit taking on Russian Eurobonds. As a result Russian Eurobonds decreased as spread widened with US Treasuries.
By 5:48 pm Moscow time, Russia-30 had decreased by 46 basis points to 113.02% with yield at 5.38%, up from 5.31% on Monday. Benchmark UST-10 had increased by 60 basis by this time to 100.13% with yield at 3.36% (down from 3.43% on Monday).
As a result, spread between Russia-30 and US Treasuries widened by 14 basis points to 202 basis points.