Yields on 12-year Ukrainian government Eurobonds have risen by 100 basis points, to 8%, in the last 10 days. Timothy Ash writes from London: “It’s signaling that investors are beginning to get a bit worried about the future course of reform in Ukraine, the future of IMF relations, local elections, and I guess potential for cabinet changes… I think the IMF is of the view that these structural reform issues are critical to Ukraine’s long term development and the success of this program and future programs…the Fund will adopt a ‘prove we are wrong by your actions’ approach before agreeing to a new program review mission.”
Yields on 12-year Ukrainian government Eurobonds have risen by 100 basis points, to 8%, in the last 10 days. Timothy Ash writes from London
