[[{“value”:”In the previous post, I cited data showing that Ukrainian bond prices had fallen over the last few months. But it seems that data source was faulty, and the value of Ukrainian bonds has been rising, including recently. You can find some sources here. Apologies for the error! I thank JoshB. for drawing this to
The post Ukrainian bond data correction appeared first on Marginal REVOLUTION.”}]]
In the previous post, I cited data showing that Ukrainian bond prices had fallen over the last few months. But it seems that data source was faulty, and the value of Ukrainian bonds has been rising, including recently. You can find some sources here. Apologies for the error!
I thank JoshB. for drawing this to my attention. He writes in the comments on that previous post: “Ukrainian local debt is not widely traded but according to bloomberg data it has done nothing but rally over the last four months. The UKRGB 19.7 8/25 that the linked website claims to be quoting is trading 99.13 dollar price, up from 90 in the fall. The USD external bonds are much more widely traded and they have definitely rallied over the past few months – it has been a popular hedge fund trade. The UKRAIN 1.75 2/29 for example are now $73 up from $61 pre election. The thesis has been that the Ukraine external debt stock is small relative to reconstruction needs and the country will desire market access so it makes sense to favorably restructure the external bond holders. I’m skeptical personally, but the premise of the original post that Ukraine debt is going down in price is wrong.”
The post Ukrainian bond data correction appeared first on Marginal REVOLUTION.
Current Affairs, Data Source, Uncategorized
Leave a Reply