After riding a near 10% rise in the value of Ukraine sovereign bonds since the start of the year, foreign holders of Ukraine bonds are selling and taking profits, citing concerns over the presidential election,

After riding a near 10% rise in the value of Ukraine sovereign bonds since the start of the year, foreign holders of Ukraine bonds are selling and taking profits, citing concerns over the presidential election, Reuters reports from London. In a recent briefing in London, former finance minister Oleksandr Danylyuk apparently did not ease concerns about Volodymyr Zelenskiy, the leading candidate in opinion polls. “He lacks political and public administration experience, and that is where the market reacts with its feet,” Kevin Daly, investment director at Aberdeen Standard Investments, tells Reuters. “On a Poroshenko win, you probably have a mild rally, and if you get Zelenskiy or Tymoshenko, you’ll have a much larger sell-off.”