Economic Insight-Special Note: UAH bonds - attractive again
We remain constructive on Ukrainian local debt. Our view is supported by improved geopolitics, strong macroeconomic performance, solid external balances, and attractive risk-reward balance amid the global carry-friendly environment. Pushed by elevated fiscal needs, Ukraine's bonds offer relatively high yields against a background of relatively modest macro, credit, and FX risks, especially on a short-term horizon. Meanwhile, a slowdown in structural reforms and slow progress in negotiations with the IMF put a drag on economic performance and may deteriorate risk metrics in the medium term.
ICU IS A FINANCIAL SERVICES GROUP PROVIDING SECURITIES TRADING, INVESTMENT BANKING AND ASSET MANAGEMENT FOR PRIVATE AND INSTITUTIONAL INVESTORS.
More information about ICU you can find at https://www.icu.ua/
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.