Economics
Ukraine Bond Rally Seen Tied to New Aid Amid Default Concern
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With Ukraine’s new leaders saying the economy is in peril and a debt default possible, bond investors are looking for clues that fresh aid is on its way.
The nation’s benchmark dollar debt due in April 2023 posted its biggest gain in two months, with the yield dropping 93 basis points to 9.26 percent by 8 p.m. in Kiev. The rally followed an 82 basis point drop on Feb. 21, before lawmakers ousted Viktor Yanukovych as president and handed his powers to new parliamentary speaker, Oleksandr Turchynov.