Investors Look Past Romania Risk to Pocket Junk-Like Yields
Investors are treating Romanian bonds as the European Union’s only junk-rated sovereign debt, drawn by high yields that compensate for significant domestic risks. Despite a protracted political crisis in Bucharest, the attractive returns continue to lure traders seeking higher payouts than those offered by other EU members.
Traders are treating Romanian bonds as the European Union’s only junk-rated sovereign debt, with the country’s high yields luring investors despite a protracted political crisis in Bucharest.
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