Ukrainian Bond Rally Shows Political Risk Premium Easing: Chart

Yields on Ukraine’s short-term bonds are falling faster than those on longer-dated debt, a sign investors are betting political turmoil in Kiev is subsiding. The rate on notes due 2019 slid below that on 2025 bonds on Wednesday for the first time since a $15 billion restructuring in November, indicating the inverted yield curve is flattening as near-term repayment concerns ease. Bonds tumbled in February as the resignation of the economy minister triggered a cabinet crisis, further stalling legislation needed to restart an International Monetary Fund rescue loan.

Before it's here, it's on the Bloomberg Terminal.