With modest borrowing needs for the week, the Finance Ministry auctioned only $51.6 million in hryvnia bonds yesterday
, the Ministry reported on its Facebook page. Coming after last week’s settlement of the government’s $1.25 billion Eurobond issue at a historically low interest rate of 6.876%, yields were virtually unchanged yesterday. Unchanged were 6-month bonds at 9% and 1-year bonds at 11.2%. Three-year bonds moved up two basis points, to 12.3%.