Ukrainian Bond Yields Decline as Hopes Fade for Speedy US-Backed Cease-Fire

Moscow says it is maintaining contact with Washington but that issues under discussion ‘require a lot of additional effort.’

Firefighters tackle flames following a Russian attack near Kyiv, Ukraine, on March 23, 2025. Ukrainian Emergency Service via AP

The value of Ukrainian government bonds fell this week amid fading hopes that a U.S.-brokered cease-fire deal between Russia and Ukraine will materialize anytime soon.

Ukraine’s dollar bond maturing in 2036 fell by 3 cents to 54 cents on the dollar after climbing to almost 70 cents when U.S.–Russia talks kicked off in February.