Fixed Income
April 18, 2016
Quotes for Ukrainian sovereign Eurobonds rose moderately last week amid an improving domestic political situation that saw a new coalition finally formed after 2 months of wrangling and uncertainty. The shortest outstanding issue, Ukraine-19s, gained 0.4% to close at 94.3/95.0 (9.8%/9.5%), while benchmark 10-year Ukraine-26s were little-changed at 89.0/89.8 (9.4%/9.3%). Investors had a positive attitude toward the appointment of 38-year-old former Vinnytsia mayor Volodymir Groysman to replace outgoing prime minister Arseniy Yatseniuk, whose key allies will nonetheless remain in the new Cabinet.
