Russia's War Against Ukraine
OP-ED
Leonid Bershydsky: Congratulations on buying Russian bonds
Reading the news these days, it's easy to conclude that Russian debt is turning toxic. Quite the contrary: Those who bought the government's 4.875 percent bonds on April 25, when Standard & Poor's cut Russia's credit rating to a notch above junk, have made good money. Prices, moreover, may head higher still as investors realize that Russia is done with escalation in Ukraine.