Global investors’ flight to safety is returning Ukrainian securities to the levels of last summer.

Tuesday, March 10, 2020
Global investors’ flight to safety is returning Ukrainian securities to the levels of last summer.

Global investors’ flight to safety is returning Ukrainian securities to the levels of last summer. On Monday, the yield on Ukraine’s dollar bond due 2028 hit 8.31%, the highest since June and an increase of 183 basis points since Friday. Similarly, nominal prices of Ukraine’s GDP warrants fell 7.4% Monday to 82 cents, the lowest since August. The hryvnia devalued by 1% against the dollar, hitting 25.

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With the hryvnia down almost 7% against the dollar this year, the central bank intervened Tuesday morning, selling $250 million in foreign currency reserves.

With the hryvnia down almost 7% against the dollar this year, the central bank intervened Tuesday morning, selling $250 million in foreign currency reserves.

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