Fixed Income

April 19, 2021

Ukrainian sovereign Eurobonds recovered some value last week after initial fears about possible military escalation on the Ukrainian-Russian border calmed down. Although the situation on the ground was tense, with numerous ceasefire violations in the Donbass province occupied by the Russian-backed separatists, large-scale hostilities seem to be avoided. Meanwhile, German Chancellor Merkel and French President Macron urged Moscow to withdraw the additional troops it has amassed on its border with Ukraine and in occupied Crimea over recent weeks.