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Ukraine 2014 Bond Extends Seventh Weekly Drop on Crimea Standoff

Ukraine’s Eurobonds due in June extended a seventh week of declines as the standoff between Russia and the West over the Crimea region remained unresolved.

The $1 billion of bonds due in three months fell to 91.79 cents on the dollar from 92.35 yesterday and 94.82 on Feb. 28. The yield jumped to as high as 47.11 percent, within 16 basis points of an all-time high on a closing basis. Stocks had the first weekly drop since January while the currency reversed gains as Interfax-Ukraine news service reported the central bank intervened to cap its appreciation.