Fixed Income

May 21, 2019
 

Quotes for Ukrainian sovereign Eurobonds extended their downward move last week after preliminary estimates showed that the country’s GDP grew by 2.2% YoY in 1Q19, slowing from 3.5% YoY growth registered for 4Q18. In the internal political developments, Parliament Speaker Andriy Parubiy announced a breakup of the coalition in a move meant to make it more difficult for incoming president Volodymir Zelenskiy to dismiss Parliament ahead of schedule; however, in his inauguration speech this morning, Zelenskiy announced that he intends to dismiss Parliament anyway.