This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Ukraine’s dollar bonds surged by over 1 point across the curve after US President Donald Trump renewed pressure on Russia to end the war. Trump said that he would impose a new time limit of 10-12 days for Russian President Vladimir Putin to reach a ceasefire with Ukraine, effectively shortening a 50-day deadline which would run out on September 2. The comment fuelled market speculation about a potential truce. Trump’s original ultimatum from July 14 threatening to impose severe economic sanctions on Russia if it did not end the war, had failed earlier with the latter instead stepping up missile and drone attacks. Several analysts remain skeptical of an imminent end to the war, however, they noted that the shift in rhetoric may improve the short-term risk-reward profile of Ukrainian debt.
Ukraine’s 1.75% 2036s were trading higher by 1.2 points at 50.1 cents to the dollar, yielding 9.3%.
For more details, click here