KYIV, May 18 – Yields on Ukrainian Eurobonds due in September dropped as investors bet the country will be able to resume borrowing from the International Monetary Fund and repay debts.
Parliament last week approved a banking bill, the last remaining obstacle on the way of getting the new 18-month Stand-by loan from the IMF.
"Ukraine's sovereign credit risk declined throughout the week. Prices for sovereign eurobonds grew dynamically along the entire curve. The yield curve itself has turned from partially invertible to normal,” Vitaliy Sivach, a trader at ICU Group, said.