Ukraine Bonds Re-Collapse As Russia Warns Of ‘High Chance Of Default’

Ukraine Bonds Re-Collapse As Russia Warns Of “High Chance Of Default” (ZeroHedge, Feb 25, 2014):

Russian bonds had rallied for 2 days on the heels of the ouster of Yanukovych and a hope-fueled strategy (supported by Goldman’s buy-buy-buy recommendation) that Europe or the IMF would save the day and fund them back to solvency. However, Russian deputy finance minister Storchak has a different perspective…

  • *UKRAINE FACES HIGH PROBABILITY OF DEFAULT: RUSSIA’S STORCHAK
  • *RUSSIA AGAINST INCLUDING $3B UKRAINE DEBT IN ANY RESTRUCTURING
  • *RUSSIA: NO LEGAL OBLIGATION TO GIVE UKRAINE REMAINING BAILOUT

And that has sent 3-month Ukraine bond prices tumbling once again…

Ukraine-bonds

1 thought on “Ukraine Bonds Re-Collapse As Russia Warns Of ‘High Chance Of Default’

  1. Putin will not pay anything he doesn’t have to pay. Who suffers if the bonds collapse? The IMF? My response is the same I asked in 2007 about the world markets…..why continue to pay the same people who caused this mess? All the so-called bail outs are for the banks, not the nations or the people. I wish the US had taken Iceland’s stance and told the banks to go to hell.
    If the greedy gut bankers are holding these bonds…tough luck. I have no sympathy for them at all. For other greedy guts who planned a big kill on the backs of the Ukraine people……too bad, write it off.
    Russia will reunite with the Ukraine. They will do whatever they have to do to make it happen. Giving more money to the bankers isn’t the right answer. Regardless, the idiots continue to do just that, Putin is no idiot.

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