OREANDA-NEWS. April 28, 2012. There was no apparent trend in the Russian eurobond market. Lack of new strong signals from Western trading floors and a sideways trend of the basic curve resulted in Russian eurobonds keeping to their price levels, reported the press-centre of Veles Capital. 

There were buys of VEB 20 and 25 adding 35bp-40 bp, Gazprom 14, 16, 19 ( +10bp-15bp), Gazprom 20, 22, 34 (+30bp-60bp). Vimpelcom 17, 21, 22 and RSHB 18 closed down (- 25bp-60bp and -20bp, respectively).

Sovereign eurobonds also traded mixed. Russia 22 and Russia 42 rose 50bp-65bp while Russia17 and Russia 30 lost 10bp. The spread between Russia 30 and UST10 reached 206bp.

Today the sideways trend is likely to continue due to lack of apparent signals from international markets and the coming weekend. Investors will be keeping track of the latest news. First of all, they will pay close attention to the G20 meeting, so market movement cannot be ruled out in case of strong new signals.