“You would think a country with a track record like Ivory Coast’s would have trouble tapping the bond market, but this week, almost exactly three years since its last default, it successfully sold $750 million worth of 10-year bonds. Just last month Kenya sold $2 billion worth of bonds (with orders of $8 billion). Zambia, Morocco and, less surprisingly, South Africa have also successfully issued sizable chunks of debt in recent months. Ecuador, which last defaulted in 2008, issued $2 billion worth of bonds this week. Rwanda issued $400 million in Eurobonds last year. My concern at this point is that the bull market in bonds isn’t over yet and is, in fact, approaching a state of mania.”
http://www.investingdaily.com/20772/dont-buy-into-the-bond-mania-2/
Tip Freedomwat.ch Staff with Bitcoin