The massing of Russian troops on Ukraine’s borders has weakened demand for Ukrainian domestic government bonds

, or IGLBs, Danylo Hetmantsev, head of the Rada Committee on Finance, Tax and Customs Policy, wrote after Tuesday’s hryvnia bond auction sold only the equivalent of $7.7 million. Writing on his Telegram channel, Hetmantsev predicted: “As soon as the situation at the border stabilizes, investors will start buying IGLBs again.”