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Although down 24% from the February 2020 peak,

this current investment accounts for almost 10% of the bonds in circulation. Ministry officials say that foreign investment contributed to the sharp decrease in weighted average yield on hryvnia bonds – from 18.7% in January-May 2019 to 11.2% in January-May 2021.

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Two years after Ukraine started to cooperate with Clearstream, external investment in government bonds has doubled,