Ukraine's 150% Bond Market Rally Shows Traders It Can Beat the Odds

Markets Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Selcuk Gokoluk and Sujata Rao August 19, 2026 at 4:00 AM UTC Investors are throwing their support behind Ukraine and pocketing some of the most lucrative gains in bond markets. The country’s resiliency on the battlefield against steep odds, along with billions in fresh European aid and restructuring deals with creditors, add up to a new sense of confidence that’s powering Ukraine’s bond prices higher. Since the start of 2023, an index of the debt has returned 150% and this year is shaping up to be another run of double-digit gains.