Ukraine's dollar bonds are being purchased by investors due to speculation surrounding Donald Trump's potential victory in the upcoming U.S. election and the possibility of a shift in U.S. policy that could help resolve the ongoing conflict with Russia.
As a result, Ukrainian bonds have seen a significant increase in yield this month, making them one of the top performers in the emerging markets sector. Prices for these bonds have also risen, approaching 50 cents on the dollar across different maturities.
Furthermore, warrants tied to Ukraine's economic performance are trading at over 70 cents on the dollar, their highest value since the onset of Russia's invasion in 2022. This surge indicates growing optimism among fund managers regarding Ukraine's financial recovery and geopolitical stability.