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Ukraine Tells Army to Prepare for Battle as Tensions Rise

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Ukraine’s defense minister said the military should prepare for clashes as growing tensions in the nation’s eastern combat zone threatened to boil over into open conflict. Bond yields jumped to a record high.

The separatists and their Russian backers are amassing troops in the areas of the Donetsk and Luhansk regions they’ve seized, Defense Minister Stepan Poltorak told a government meeting today in Kiev. One Ukrainian serviceman died and five were wounded in the past 24 hours, a military spokesman said. There was no independent confirmation of their accounts.