Ukraine Bonds Gain as Government Lobbies Foreign Backers

Ukraine’s dollar-denominated bonds rose as government officials from Europe’s riskiest debtor lobbied for foreign economic support after the largest protests in Kiev in almost a decade.

The yield on Ukraine’s dollar notes due in June 2014 declined 19 basis points to 19.43 percent at 3:55 p.m. in New York, paring this week’s increase to 303 basis points, or 3.03 percentage points, according to data compiled by Bloomberg. Five-year credit-default swaps, contracts insuring the nation’s debt against non-payment, held at 1,098 basis points, after jumping 111 basis points in the past two days.