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Russian government bonds, a good contrarian play?
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01-20-2015, 10:37 AM
Porko
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Join Date: Sep 2002
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Posts: 4,014
Quote:
Originally Posted by
foreverjason
I just read these 2 articles, looks good. Russia has very low government debt and $400 billion in reserves to throw around.
Moody?s Cuts Russia Debt to Baa3 ? Russia pays government interest on debt at 11% of GDP ? NOT BAD ? TheValueSwan.com
Is a 19% Interest Rate on Russian Government Bonds a good Investment? YES ? TheValueSwan.com
I bought some russian bonds days ago and some petrobras 2021 too.
I suggest you to don't put a lot there but for sure is a nice option if you like risk.
A bond that pays 10%+ is never 'safe' so be careful.
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