Ukraine Bond Drops Most in Month as Plane Downing Boosts Tension - Bloomberg

Ukraine Bond Drops Most in Month as Plane Downing Boosts Tension - Bloomberg:



"Ukraine’s benchmark Eurobonds fell the most in a month as the government said Russian forces may have downed one of its military planes, signaling Kiev’s bid to wipe out pro-Russian insurgents faces mounting headwinds.



The yield on the dollar note maturing in July 2017 rose 23 basis points to 8.46 percent, the biggest increase since June 16 on a closing basis. The hryvnia weakened less than 0.1 percent to 11.71 per dollar by 1:55 p.m. in Kiev.



A “powerful weapon” not previously used by the separatists, probably from inside Russia, downed the transport plan, according to Defense Minister Valeriy Geletey. Ukrainian forces are trying to encircle insurgents who retreated to the mainly Russian-speaking cities of Luhansk and Donetsk as the U.S. pushed for deeper sanctions to stop assistance to separatists."



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