Ukraine Bonds Rally as Premier Quitting Clears Way for Overhaul
- Hryvnia climbs for a fifth day, borrowing costs decline
- Resignation boosts bets new cabinet to end in-fighting
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Ukraine’s bonds rose the most in a month after Prime Minister Arseniy Yatsenyuk resigned, boosting speculation a new cabinet will help end two months of infighting and pave the way for resuming international aid payments.
The yield on the eastern European nation’s $1.65 billion note due September 2019 fell 26 basis points to 9.70 percent, the biggest drop since March 4. Yatsenyuk, who took office in 2014, quit Sunday after weeks of pressure from coalition members. The hryvnia strengthened for a fifth day.