乌克兰债券受和平进程拖累表现低迷 东欧邻国市场飙升

GoldenOctober2024
TRUMP-4,89%

金十数据5月25日讯,由于特朗普促成和平协议的前景暗淡,乌克兰美元债券在2025年迄今给投资者带来了超过10%的损失,为新兴和前沿市场中表现最差。而年初时由于对停火的押注,一些乌克兰债券价格自去年8月重组以来几乎翻了一番,并提振了整个东欧市场。伦敦对冲基金Frontier Road转向企业债券以规避地缘风险,美银虽维持超配建议但警告战事持续带来的“下行风险”,摩根士丹利预计冲突将延续至2025年。“市场已回落至特朗普当选前水平,”安本投资董事Viktor Szabo指出。华沙、布拉格和布达佩斯主要股指年内美元计价回报率均超30%,匈牙利福林、捷克克朗和波兰兹罗提领跑新兴市场货币涨幅。但乌克兰2035年到期零息债券价格已从2月的70美分跌至50美分。

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