Largest investment bank assesses peace agreement on Ukraine chances
Photo: Ukraine peace deal is estimated at 70% (tradingdot.com)
Bond prices indicate that markets are assessing the likelihood of a peace deal on Ukraine higher than before the November election of US President Donald Trump, Reuters reports.
“Our modeling suggests that current market pricing for a peace deal has risen from below 50% prior to US elections to around 70% at present,” Goldman Sachs said in a research note to clients.
However, the bank added that this is slightly lower than the peak of 76% recorded in February.
Trump, who wants to be remembered as a peacemaker, has repeatedly said he wants to end the "bloodbath" of the three-year conflict in Ukraine.
Russia currently controls just under one-fifth of Ukraine's territory, including Crimea, which it occupied in 2014. The Russian army has also seized parts of four other regions, which Moscow now considers part of Russia, although no one in the world recognizes this.
Ukraine agreed to the US administration's proposal for an unconditional 30-day ceasefire after talks in Saudi Arabia on March 11. Vladimir Putin rejected the proposal.
Goldman Sachs is one of the largest investment banks in the world, based in New York. It is one of the most influential players in the financial market of the United States and the world. It often participates in large financial transactions and influences the global economy. It used to employ high-ranking US officials.
