Ukraine Bonds Rally as Trump Pressures Russia for Quick Truce

Ukrainian soldiers fire a D-20 artillery in the direction of Toretsk, Ukraine, on July 24.

Photographer: Diego Herrera Carcedo/Anadolu/Getty Images

Ukrainian bonds rose the most in a month after US President Donald Trump pressured Russia’s Vladimir Putin to quickly stop the war in Ukraine.

The sovereign’s dollar-denominated bonds maturing in 2035 and 2036 rose nearly 1.5 cents. Ukraine accounted for six out of the eight best-performing bonds in emerging markets on Monday.