Fixed Income
October 31, 2016
Ukraine’s sovereign Eurobonds failed to post further gains last week, declining moderately amid a climb in global government bond yields to the highest levels since the summer. Several Federal Reserve officials over the past week have signaled that a plan to raise interest rates at the end of this year is on track amid signs of steady US growth. In Ukraine-related developments, the country’s government appears to have started the next round of bargaining with the IMF over disbursement of the country’s USD 17.5bn loan program. An IMF monitoring mission was initially expected to arrive on Oct 26 but the Washington-based fund postponed the trip until early November. Kyiv is hoping to get USD 1.3bn before the end of 2016.
