Ukrainian dollar bonds are rising in price; funds believe that Trump’s victory will contribute to a faster end to Russia’s war in Ukraine.

Ukrainian bonds are reported to have risen almost 6% in October, becoming one of the best performing assets on the market, with their value approaching $.50-1. Warrants linked to Ukraine’s economic performance are trading above $.70-1, hitting their highest level since Russia’s full-scale invasion in 2022, when their value fell below $.15. Funds are buying bonds, hoping Donald Trump’s presidency will speed the peace process.

“This idea is widespread in the market,” says Dragon Capital.

Trump and President Zelenskyy met in New York last month to discuss plans to resolve the conflict. After the meeting, Trump said he had “learned a lot,” but his position that talks with Putin could end hostilities remained unchanged. Trump says he would have “resolved” the conflict in Ukraine before taking office but has not said whether he wants Ukraine to win the war.