Ukrainian Bonds Tumble Second Day as Russia Threatens Aid Delay - Businessweek:
"Ukrainian bonds slumped, pushing yields to a six-week high, as Russia threatened to delay an aid package and President Viktor Yanukovych refused to unconditionally pardon protesters.
Yields on dollar-denominated debt due in June surged 127 basis points to 13.25 percent at 2:48 p.m. in Kiev, the highest since Dec. 16 on a closing basis. The cost of insuring the country’s debt with credit-default swaps jumped 50 basis points to 1,004 basis points, Europe’s highest, according to CMA data.
Yanukovych went on sick leave today after he pushed through a law last night requiring activists to leave seized buildings before detained protesters can go free, prolonging a two-month standoff that prompted Premier Mykola Azarov to quit on Jan. 28. Russia, which lent Ukraine $3 billion last month to help it avoid a default, should withhold further aid until Azarov’s government is replaced, President Vladimir Putin said yesterday."
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