Trump’s Ukraine Bet Backfires: Bond Investors Face Massive Losses

A gamble that Donald Trump’s return to the White House would usher in peace in Eastern Europe is rapidly collapsing, leaving investors with significant losses. As the war drags on into its fourth year without a ceasefire agreement, bonds issued by Ukraine—promised a quick resolution to the conflict—have plummeted. The initial optimism following Trump’s return to power has vanished, replaced by disillusionment and dwindling market confidence.