[Kommersant] Russian Eurobonds First to Suffer // Foreign investors began preparing for crisis
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Article Description: Instability at the risky mortgage loans market in the U.S. led to the fall of quotations of Russian Eurobonds. The spread of Russia-30 to US Treasuries reached on Monday the level of 138 basis points, which is the record of the last two years. Funds and investment banks lost interest to developing markets’ stock papers, and began preparing for a lengthy fall of stock markets, finding rescue in the ‘quiet harbor’ of U.S. high-reliable bonds. Experts say that investors usually behave this way when a large-scale crisis is approaching.
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