Eurobonds steady

Обзор облигаций 03.02.2015 Ukrainian Eurobond prices slightly declined slightly below 50 at the long-term end of the yield curve which adjusted to the range of 20.27-112.05%, while the 5-year CDS declined to 2,713bp. Investment implications: As the IMF extended its mission in Ukraine through the end of this business week, markets await the final results. The delay in official statements on EFF and mission recommendations from the IMF Board of Directors caused rare deals at the market yesterday. We anticipate slight volatility and negative reactions to any important news released.