Ukrainian Eurobonds mostly steady

Обзор облигаций 21.01.2015 Ukrainian Eurobonds remained slightly volatile at the recent high levels as the yield curve adjusted to 17.65-70.13% yesterday. The pending war with Russia, uncertainty over pending IMF funding, and low currency reserves all substantiate these yields and low prices. Although further negative news could push volatility higher, it is unlikely to be significant. Spreads to the benchmark also are slightly volatile as the 5-year CDS rose to 2670.58bp yesterday.