Ukraine Dollar Bonds Jump as IMF Says Aid Talks Making Progress - Bloomberg:
"Ukraine’s Eurobonds rallied, sending yields to a two-week low, as the International Monetary Fund said its making progress toward an aid agreement which may help unlock further bailouts from western governments.
Bonds maturing on June 4 gained to 95.1 cents on the dollar, cutting the yield by 9.51 percentage points to 34.53 percent, according to data compiled by Bloomberg. The rate on sovereign dollar notes due April 2023 slid 28 basis points, or 0.28 percentage point, to 10.14 percent, the lowest since March 6, by 7:13 p.m. in Kiev.
Ukraine’s 2014 notes have rebounded from a record low since IMF officials went to Kiev last week and announced plans to conclude the talks by March 21. While the IMF extended the mission to March 25, “significant” progress has been made, according to an e-mailed statement today. U.S. President Barack Obama, who slapped more sanctions on Russia today for its annexation of Crimea, called on the IMF to help Ukraine swiftly."
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