Ukraine Bonds Drop as Tension in East Stokes Separatist Concern - Bloomberg

Ukraine Bonds Drop as Tension in East Stokes Separatist Concern - Bloomberg:



"Ukraine’s benchmark bonds fell, pushing yields to a three-week high, as intensifying clashes in the country’s east stoked concern Russia may seek to seize more territory after annexing Crimea last month. 




The yield the dollar-denominated debt due April 2023 rose 38 basis points to 9.89 percent, the highest since March 24, at 4:01 p.m. in Kiev. The hryvnia slid for an eighth day, losing 3.5 percent to 13.15 per dollar. The currency, the world’s worst performer this year after a 37 percent drop, weakened to a record 13.6075 on April 11, data compiled by Bloomberg show.



In the Ukrainian town of Slovyansk, about 240 kilometers (150 miles) from the Russian frontier, camouflaged gunmen fired on government troops over the weekend in an anti-terror operation, killing one serviceman, the government in Kiev said. The nation’s bonds ended a three-week rally last week as armed separatists occupied official buildings. They ignored a deadline to vacate earlier today."



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