Ukraine’s Bonds Extend Rally as Peace Plan Expectations Build
- Ukraine notes were among the best performers on Thursday
- The country’s dollar bonds have returned almost 8% this year
Ukrainian servicemen in a trench on a frontline position in the Donetsk region.
Photographer: Anatoli Stepanov/AFP/Getty ImagesThis article is for subscribers only.
Ukraine’s dollar bonds climbed for a fifth day, hitting new highs amid rising expectations that details of a war-ending deal will emerge next week.
The country’s debt rallied across all maturities with 2034 notes topping 60 cents on the dollar — the strongest since they were issued last year. Ukraine’s dollar bonds have returned 7.8% overall this year, regularly among the top-performing securities across emerging markets, according to data compiled by Bloomberg.