Ukraine Bonds Rise to 5-Week High as BofA to Commerzbank Upgrade - Bloomberg:
"Ukraine’s Eurobonds gained, sending the yield to the lowest in five weeks, after Bank of America Corp. and Commerzbank AG raised their recommendations on the debt on diminishing risks from the standoff with Russia.
The yield on the dollar notes due 2017 fell 48 basis points to 11.97 percent at 12:50 p.m. in Kiev, the lowest since April 11 on a closing basis. The hryvnia strengthened 1.3 percent to 11.8015 per dollar after weakening 2.6 percent last week.
President Vladimir Putin ordered Russian troops near the border back to base, the state-run RIA news service reported, even as Ukrainian forces continued fighting insurgents in the east of the country. The country’s territorial integrity is unlikely to be threatened to an extent that would endanger the International Monetary Fund aid plan, Bank of America said as it raised Ukraine’s bonds to marketweight from underweight."
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