Fixed Income
September 18, 2012
Yields for Ukrainian long-term sovereigns fell sharply for a second week running amid pledges by the ECB and Federal Reserve to provide fresh liquidity to the global economy through new rounds of bond purchases. Benchmark Ukraine-21s rose by 4.6% over the week, closing at 102.5/103.5 and pushing the yield down to 7.5%, the lowest level in a nearly a year. Yields on 5-year sovereigns contracted by 75 bps to about 7.3%.
