The Finance Ministry jacked up interest rates yesterday and increase its sales of hryvnia bonds 30-fold, compared to the week earlier. By raising yields by one percentage point, to 10%, the Ministry sold $245 million worth of 4-month bonds. By raising the yield by 125 basis points, to 10.25%, the Ministry sold $119 million worth of 6-month bonds. These two sales, accounted for 90% of the hryvnia sales. In addition, the Ministry auctioned off €157.7 million in 1.2 year bonds at 2.45%, up 23 basis points from the last similar auction.
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