Eurobonds fall in flight to quality
MOSCOW. Nov 27 (Interfax) - Russian Eurobond quotations fell noticeably on Friday in a flight to quality triggered by the Dubai World debt news.
US Treasuries grew and spread widened.
Russia's benchmark 2030 bond was down 140 percentage points by 6:05 p.m. Moscow time to 112.57%, yielding 5.45%. Yield was up 24 bp from Wednesday's closing (UST and Russian Eurobonds were not traded yesterday due to Thanksgiving).
Spread between these and ten-year US Treasuries widened 28 bp to 217 bp.
However spread stopped widening in the evening and UST stopped growing in price, indicating that the situation may improve.