Mongolia Tops Asia Dollar Bond Returns With 18% Gain www.bloomberg.com
A bailout by the International Monetary Fund can be a winner for bond investors. Dollar notes from Mongolia and Sri Lanka, both in IMF programs, are handing debt investors the highest returns so far this year among developing Asian nations, according to Bloomberg Barclays Indexes. AllianceBernstein LP is holding on to its Mongolian sovereign notes, citing positive fundamentals for the economy with a rebound in coal prices and the importance of IMF support, according to Brad Gibson, a fixed-income portfolio manager in Hong Kong at the global investment firm.
Published Date:2017-08-24