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Ukraine Bonds Drop Most in Week After Kiev Protests Turn Violent

Ukrainian bonds fell the most in more than a week and the nation’s default risk increased as anti-government protests flared up in response to new laws aimed at subduing demonstrations that have roiled the government.

The yield on the government’s dollar-denominated notes maturing in June climbed 32 basis points, the most on a closing basis since Jan. 9, to 5.90 percent by 3:13 p.m. in Kiev. Five-year credit default swaps, contracts insuring Ukrainian debt against default, increased 20 basis points to 715, according to data compiled by Bloomberg.