Weekly Insight -- Ukrainian Eurobond market in seasaw
Statements made by Russian officials after talks with the US and NATO have led to a significant increase in fear of a possible Russian invasion of Ukraine and worsened Ukraine's credit risk assessments by local and international investors. All this was happening on the back of the expected tightening of the Fed's liquidity support. This led to a sell-off of Ukrainian Eurobonds, which is likely to continue this week.
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