Russian Eurobonds rise to year-high on economic recovery expectations
MOSCOW. Sept 10 (Interfax) - Russian Eurobond quotations reached their highest levels since September 2008 due to optimistic expectations regarding the global economic recovery.
As of 6:32 p.m. Moscow time, the Russia-30 had increased 36 basis points to 104.63% with yield at 6.7%.
The UST-10 was up 59 basis points to 101.85% as of 6:30 p.m. with yield at 3.4%.
Spread between the Russia-30 and UST-10 had narrowed 10 basis points to 330 basis points as of this time.