Ukraine 2014 Bonds Erase Weekly Slump as Lavrov Says No Invasion - Bloomberg:
"Ukrainian Eurobonds maturing in June rebounded, erasing weekly losses, after Russia sought to damp concern it will invade other parts of Ukraine after Crimea.
The sovereign notes gained to 92.14 cents on the dollar from 91.58 yesterday, cutting the yield 258 basis points to 48.37 percent by 6:28 p.m. in Kiev, according to data compiled by Bloomberg. The hryvnia pared its weekly loss to 4.8 percent, remaining the worst performer in the period after Gana’s cedi among all currencies tracked by Bloomberg.
While Russia is “outraged” by a deadly clash in eastern Ukraine yesterday, it has no plans to invade the region, Russian Foreign Minister Sergei Lavrov said today after meeting U.S. counterpart John Kerry. The U.S. and European Union have threatened sanctions if President Vladimir Putin doesn’t back down from annexing Ukraine’s southern province of Crimea, which is preparing for a March 16 referendum on joining Russia."
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