Ukraine Bonds Gain With Currency as Poroshenko Plans Peace Talks - Bloomberg:
"Ukrainian bonds gained for a second day and the currency ended a six-day rout as President Petro Poroshenko prepares to present a cease-fire proposal for the conflict-wracked eastern regions.
The yield on securities maturing in July 2017 dropped 20 basis points to 9.26 percent by 4:36 p.m. in Kiev, building on yesterday’s 72 basis-point decline. The hryvnia strengthened 0.9 percent to 11.8625 per dollar, trimming this quarter’s retreat to 6.3 percent.
Ukraine’s bonds are the worst performing among emerging markets in Europe and Africa since April 1 as turmoil worsened in its eastern regions following Russia’s annexation of Crimea in March. Poroshenko will officially present his peace plan for two eastern regions tomorrow, he said on TV Channel 5. The plan has 14 steps, including a limited cease-fire and an amnesty for pro-Russian separatists who lay down their arms."
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