US election results lift Ukrainian eurobonds to one-month high

Ukrainian eurobonds rose to their highest level in over a month after Democrats won the US midterm elections, as investors anticipated continued American military support for Ukraine. On November 4, Ukraine's 4.5% bonds maturing in 2034 gained over one cent, exceeding 63 cents per dollar of face value, leading gains among emerging market assets. Investors expect the new Congress balance to prevent disruptions in intelligence sharing and access to military technologies. Despite the rally, bond prices remain at about 63% of nominal value, reflecting ongoing war risks. Uncertainty persists over potential peace talks and President Donald Trump's actions, with experts suggesting he might accelerate negotiations, posing additional risks for Ukraine and Europe.