To get the debt: why bonds are now more attractive than actions

Growth of a key rate and introduction of new export duties in September led to correction in equity market, notes Central bank Russian Federation (Bank Russia) in the review of risks of financial markets. Investors gradually switch over to the debt market where profitabilities grow. Why bonds are now more interesting than actions and what to choose for investments? Profitabilities of bonds a federal loan in September grew on the average by 120 bps (to 12,3% for releases with repayment in three years), Central bank Russian Federation (Bank Russia) is told in the review of risks of financial markets. It occurred because the key rate in September too grew from 12% to 13% per annum. The strongest growth...