Ukraine Bonds Jump on Reports Jaresko Offered Prime Minister Job
- Appointment would be 'very market friendly': Dragon Capital
- Ukraine needs to resolve political crisis to unblock IMF aid
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Ukrainian bonds wiped out their 2016 losses this month as speculation Finance Minister Natalie Jaresko will be named prime minister boosted confidence the country will pull through its worst political crisis since a pro-Europe coalition came to power two years ago.
The nation’s Eurobonds have handed investors 3.7 percent this month, bringing 2016 returns to positive territory after a more than 4 percent loss in February. The yield on $1.3 billion of bonds maturing in September 2025 dropped 1.1 percentage points last week, the most since new notes were issued in November after a restructuring, and were little changed at 9.57 percent on Monday.