Ukraine bonds slide as Russia issues nuclear doctrine
Updates prices, adds reaction to ATACMS report
LONDON, Nov 19 (Reuters) -Ukraine's sovereign dollar bonds shed more than2 cents on Tuesday, Tradeweb data showed, as Russia issued a new nuclear doctrine in a warning to the West.
The 2035 maturity fell by just over 2 cents to bid at 48.89 by 1108GMT.
Traders said the market was reacting to a report from Ukrainian news agency RBC Ukraine citing a military official as saying Kyiv had carried out its first attack inside Russia with an ATACMS missile.
The bonds were also under pressure from Russian President Vladimir Putin's approval of anupdated nuclear doctrine that said Russia could consider using nuclear weapons if it was subject to a missile assault supported by a nuclear power.
Most emerging market currencies, including Poland's zloty and Hungary's forint, also slipped as investors fled to safe-haven assets such as the U.S. dollar and the Swiss franc.
Ukraine's bonds had rallied in recent weeks following Donald Trump's U.S. presidential victory, on hopes for a quicker end to the conflict.
Reporting by Libby George; Editing by Kevin Liffey
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
