UAH under pressure as Minsk 2 is disregarded

UAH under pressure as Minsk 2 is disregarded



20 лютого 2015 года
ICU

The hryvnia slid 0.37% yesterday on US$194m in trading following Ukrainian sovereign Eurobond prices declining to historical lows. As an example, a bond due July 2017 was priced yielding 47.4%, up 0.04ppt from the previous day. Political risk escalated in the wake of the second failed Minsk ceasefire agreement after pro-Russian militants forced Ukraine's army to retreat from the Debaltseve rail hub. This violation of Minsk 2 suggests that the entire agreement will be disregarded. For more details on Ukraine Eurobonds, see the "Bonds: News & Comments" section above (p.2).

Источник: ICU

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