South Africa Rand Bonds
Yield: 10.5%
Matures: April 2011
Currency: S. African Rand
I could hedge the currency risk at about 2%, but I don't want to do that.
It is a risky investment, no doubt, but I don't feel that there is a risk of the bond going to zero in only 3 years...
I'm also looking into Iceland bonds... probably even more riskier as the country's largest bank is 7x's more likely to default than a european bank...
-there is only 300,000 people there
-fish is what they export
-one of the wealthiest nations on the planet
Yield is 10%



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