2 Sep 2009 19:58

Russian Eurobonds correct down as investors lose interest in risk

MOSCOW. Sept 2 (Interfax) - Russian Eurobond quotations corrected downward on Wednesday due to negative trends on global stock markets, which also led to reduced interest in risk assets.

As of 6:45 p.m. Moscow time, the Russia-30 had declined 10 basis points to 102.48% with yield at 7.07%.

The UST-10 was up 22 basis points to 102.41% as of 6:47 p.m. with yield at 3.34%, down from 3.36% on the previous trading day.

Spread between the Russia-30 and UST-10 had expanded 4 basis points to 373 basis points as of this time.