Ukrainian Bonds: Financial Markets React to Peace Prospects - Media.

Ukraine's dollar bonds continue to rise for the fifth consecutive day, reaching new highs amid expectations of a peace agreement.

According to Bloomberg, Ukraine's debt is increasing across all maturities, with the value of bonds maturing in 2034 exceeding 60 cents on the dollar, the highest level since their issuance last year. Ukrainian dollar bonds have generally earned 7.8%, which is the highest return among securities in economically developed markets, as reported by Ukrinform.

U.S. allies expect President Donald Trump's administration to present the long-awaited plan to end the war with Russia at a conference in Germany next week.

I believe the market will remain positive until the actual meeting between Trump and Putin.

Timothy Ash, senior sovereign strategist for emerging markets at RBC BlueBay Asset Management, also noted that Ukrainian bonds rose by 60% last year as funds increased their positions, hoping for moves that would expedite the end of the war. However, Trump's envoy Keith Kellogg stated that there would be no public presentation of the plan in Munich, as that should be done by the president.

The senior strategist also emphasizes that a viable peace would be 'a major boost for growth,' but there remains the risk of reaching a failed agreement. 'If security is not ensured,' this will have serious consequences for Ukraine and Europe.