Ukraine Bonds Rally as Factions Sign Peace Pact to End Crisis
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Ukrainian bonds jumped the most since Russia’s bailout pledge two months ago as President Viktor Yanukovych and opposition leaders agreed on early presidential elections and lawmakers changed the constitution.
The yield on government bonds maturing in April 2023 dropped 90 basis points, the biggest retreat since Dec. 17, to 10.2 percent by 6:23 p.m. in Kiev. The equities index jumped 3.2 percent, taking its two-day gain to 7.2 percent. Currencies across developing Europe rallied, reversing losses after deadly clashes in Ukraine this week sparked a rout in regional assets.