Faced with strong foreign demand for Ukraine’s hryvnia bonds, the Finance Ministry cut yields on its four short term bonds by 20 to 26 basis points. Faced with UAH 4.62 billion in bids at its weekly auction Tuesday, the Ministry only filled orders for UAH 2 billion, or 43%. Cut-off yields ranged from 17% for three-month securities to 17.74% for 2-year securities.
F
