Ukraine Bonds Surge With Stocks on Aid Outlook After Yanukovych
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Ukraine’s bonds rallied and stocks soared the most since May 2010 as prospects improved for the country to secure Western aid following the ouster of President Viktor Yanukovych. The hryvnia slumped.
The yield on dollar bonds maturing in 2023 fell 93 basis points to 9.26 percent, the lowest since Jan. 28, as of 5:56 p.m. in Kiev. Ukraine’s notes due in June traded at 96.66 cents to the dollar versus 95.63 cents on Feb. 21, data compiled by Bloomberg show. The UX Index jumped 15 percent, the biggest advance May 2010, while the currency, which is managed by the central bank, weakened 4.3 percent to 9.3500 per dollar.