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Ukraine Bonds Slide as Minister Exit Exposes Risks to Stability

  • Risk premium on shorter 2019 debt vs longer maturities widens
  • Economy Minister quits, accusing officials of blocking change
Updated on

Ukraine’s Eurobonds slumped the most since a debt restructuring last year after the nation’s economy minister resigned, raising concerns the country’s efforts to overhaul its economy are unraveling.

Yields on the nation’s bonds maturing in 2019 rose 58 basis points to 10.189 percent by 6:30 p.m. in Kiev, heading for the steepest daily increase since the notes first started trading in November. The premium investors demand to own the shorted-dated dollar-denominated debt over bonds maturing eight years later widened the most in a month to 73 basis points.