Saturday 10 May 2014

Ukrainian Bonds Drop First Time in Week Amid Deadly Clashes - Bloomberg

Ukrainian Bonds Drop First Time in Week Amid Deadly Clashes - Bloomberg:



"Ukrainian Eurobonds fell, sending yields higher for the first time in a week, as deadly clashes resumed between government forces and pro-Russian separatists before a vote on autonomy in eastern regions. 




Yields on government dollar-denominated notes due in April 2023 rose 10 basis points to 10.17 percent by 4:26 p.m. in Kiev after dropping 76 basis points in the previous four days. The hryvnia was unchanged at 11.655 per dollar, having depreciated 29 percent this year, the worst performance among more than 170 currencies monitored by Bloomberg.



Rebels in the Donetsk and Luhansk regions plan to hold plebiscites on secession on May 11, even after Russian President Vladimir Putin discouraged them from conducting the votes. About 20 separatists and at least one serviceman died as militants attacked a police building in the eastern port city of Mariupol today, Interior Minister Arsen Avakov said on Facebook. Russian and Ukrainian markets are shut for a holiday commemorating the Soviet victory over the Nazis in World War II."



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