Russian bonds: In an interview with the Spanish newspaper El Confidencial last week, HSBC Vice President and emerging market specialist Olga Yangol suggests that Russia is – along with Brazil – currently among the most attractive options for bondholders. “Russia has gone to a floating exchange rate and we welcome this because it compensates [for lack of] growth and for the decline of the country’s export goods prices,” she said. Russia’s high interest rates also made it attractive for investors. “Right now it makes sense to invest.”
Source: The BRICS Post