11:03 - 26.05.2025

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May 26, Fineko/abc.az. Ukraine's dollar-denominated bonds showed the worst returns among emerging market assets in 2025, with investor losses exceeding 10% amid lack of progress in peace talks.

ABC.AZ informs that Bloomberg writes about this.

The sharp drop in quotations began after the failure of negotiations in Istanbul. Market participants expected a breakthrough mediated by U.S. President Donald Trump, but these expectations were not fulfilled.

Securities maturing in 2035 have significantly declined: the price of coupon-free bonds has dropped from 70 to 50 cents per dollar. These tools, which are directly dependent on the recovery of Ukraine's economy, are now setting the stage for a protracted conflict.

Amid the deterioration of the Ukrainian dynamics, the markets of neighboring countries are showing growth: the stock indexes of Poland, Hungary and the Czech Republic added more than 30% due to an increase in EU military spending.