January 08, 2014 | Cbonds
|Svitlana Rusakova, International Fixed Income Sales, Dragon Capital:|
And yet again the market was solidly higher (in line with the rest of EMs), with bonds up 0.5-1pt. Ukraine 16s-17s have outperformed thus far this week (+3pt, yields tightening 100bp and more), with the long end not far behind (+2pt/30bp tighter). As the sovereign marches higher, yield pickups in quasi-sovereigns get more attractive, generating demand. And no sellers at all in the corporates.