Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Ukraine bonds slide after air attack accusations with Russia

Published by Global Banking and Finance Review

Posted on March 19, 2025

Featured image for article about Finance

By Karin Strohecker and Rodrigo Campos

LONDON/NEW YORK (Reuters) -Ukraine's international government bonds pared steep losses on Wednesday after a "positive" call between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump followed accusations between Russia and Ukraine of launching air attacks.

Longer-dated maturities suffered the biggest declines, with the 2036 issue down 2.08 cents to 60.854 cents, having earlier fallen more than three cents to a six-week low, Tradeweb data showed.

Zelenskiy and Trump had on Wednesday a "very substantive and frank" phone call, according to the Ukrainian president, in which he confirmed his country's readiness to halt strikes on Russian energy infrastructure.

The Wednesday call with Ukraine followed a call the previous day between Trump and Russian President Vladimir Putin, in which Moscow declined to endorse a full 30-day ceasefire.

"Markets probably have reacted right, this idea that there will be a peace deal in Ukraine, I think, is farfetched," said Mehill Marku, lead geopolitical analyst at PGIM Fixed Income.

"Markets are starting to realise increasingly now that how Putin thinks about reaching a peace deal is completely different from what Europeans and even the United States think."

Ukrainian dollar bond prices rose some 40% from October to February on bets that a Trump administration would speed a wind-down of the three-year war, but lack of advances and a raucous Trump-Zelenskiy meeting in the White House stalled the rally in February.

(Reporting by Karin Strohecker and Rodrigo Campos; Editing by Amanda Cooper, Mark Potter and Rod Nickel)