Eurobond YTMs diverge

Обзор облигаций 26.11.2014 Most Ukrainian Eurobond spreads to the benchmark continued to widen yesterday, while two bonds tightened their spreads to benchmark, causing their yields to decline. As a result, the sovereign yield curve adjusted to 11.95-25.26%, as the YTMs of UKRAIN 6.875% '15, UKRAIN 6.25% '16, UKRAIN 9.25% '17, UKRAIN 7.95% '21 rose, while those of UKRAIN 7.80% '22 and UKRAIN 7.50% '23 declined slightly below 12%.