Fixed Income
March 24, 2014
Ukrainian sovereign Eurobonds rebounded sharply last week as investors shifted their focus from the country’s de-facto loss of its southern Crimea province to more forward-looking political developments in Kyiv. Signs emerged that the Ukrainian government might be approved for a new IMF loan in a matter of weeks, a development that could then trigger the release of billions of dollars in broader Western economic aid. The IMF stated last week that its mission in Kyiv has made significant progress in discussions with the interim Ukrainian government about policies needed to put the country on the path of economic reform.
