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2026-11-04 20:40:26
[Ukrainian Dollar Bonds Rise as Markets Bet on Democratic Victory Improving US-Ukraine Relations] ⑴ Ukrainian dollar bonds rose as markets bet a Democratic landslide victory in the US midterm elections would improve relations between Kyiv and Washington and support Ukraine's defense efforts. ⑵ The price of a 4.5% coupon bond maturing in 2034 rose by more than one cent, breaking through 63 cents per dollar face value, reaching its highest level in over a month. ⑶ On Wednesday, Ukrainian bonds became one of the best-performing bonds in emerging markets after investors digested news of a crushing defeat for Trump's Republican Party. ⑷ Zelenskyy's relationship with Trump has been strained; Trump blamed rising international oil prices for Ukraine's attack on Russian oil refineries, arguing that it exacerbated his election loss. ⑸ Democratic control of both houses of Congress could also benefit Ukraine, as it relies on US intelligence and weapons in its military operations. ⑹ Aberdeen Investments Director, Saubo, said that recent news has been negative following the latest attacks on Ukraine's energy infrastructure, and the market now expects the new Congress to block the United States from cutting off intelligence sharing with Ukraine or restricting Ukraine's use of related satellite systems.
