KYIV, April 9 – J.P. Morgan has placed Ukraine and Egypt on the Index Watch Positive list for possible inclusion in the J.P. Morgan Government Bond Index - Emerging Markets (GBI-EM) index following sustained improvement in liquidity and foreign investor access to domestic government bond markets.

"An update to the Watch will be provided over the next six months to further indicate their potential status in the index," J.P. Morgan said on Friday.