Ukraine’s Eurobonds rallied on news of approaching IMF deal

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Ukraine’s Eurobonds and GDP warrants rallied sharply on news of Rada approvals of bills seen as clearing the way to an IMF deal. 

GDP warrants jumped 11.6% Tuesday, to 74.8% of face value. Yields on Eurobonds of varying maturities fell an average of 120 basis points, to a new range of 8.5% to 9.9%.

As reported earlier, Ukraine was negotiating an emergency package from IMF due to coronavirus pandemic

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