Ukrainian debt is one of the hottest emerging-market assets as Russia reels

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Ukrainian debt is now one of the hottest emerging market investments as Russian setbacks lift Kyiv's economic prospects

Ukrainian debt is now one of the hottest areas of emerging-market investing as Russian setbacks lift Kyiv's economic prospects.

Corporate bonds in Ukraine also posted the best returns in their category, and Ukrainian debt warrants linked to GDP growth have seen some of the biggest returns among emerging-market assets, according to Bloomberg. In addition to its counteroffensive, Ukraine's fortunes also appeared to grow brighter after the Wagner Group's short-lived mutiny over the weekend.

on the country's growth this year to a range of 1% to 3%, up from a prior range for a 3% contraction to 1% growth.

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