10 Sep 2009 19:50

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.