Bonds: Eurobond YTMs improve significantly

Bonds: Eurobond YTMs improve significantly



24 жовтня 2014 года
ICU

Ukrainian Eurobond YTMs adjusted to the range of 10.34-18.20% yesterday. UKRAIN 6.875% '15 declined 179bp to 18.20%, UKRAIN 6.58% '16 was down 96bp to 13.45% and UKRAIN 9.25% '17 slid 81bp to 13.47%, while UKRAIN 6.75% '17 declined 74bp to 12.87%, UKRAIN 7.95% '21 declined 68bp to 10.75%, and UKRAIN 7.80% '22 and UKRAIN 7.50% '23 slid 49bp and 44bp to 10.55% and 10.34%, respectively. The 5-year CDS declined to 1,266bp.

Investment implications: Ukrainian Eurobond YTMs continued to decline yesterday due to the increase in positive anticipations following this weekend's elections in Ukraine. The decline in yields was due to spreads tightening to the range of 807-1,781bp. However, US Treasury yields rose slightly yesterday.

Источник: ICU

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