Victory for the Philippines

In which bonds should you have put your cash in 2002?

Private bankers worth their salt will have been advising their more daring clients, that the only performing bonds worth buying so far in 2002 have been in the high yield area.

These bonds have had stellar performances over the past couple of months. Indeed, from January 1 to March 11, the best performing bonds have come from the Philippines and Thailand.

Topping the performance league table is PLDT. Its long-dated bonds that mature in 2019 have given...

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