BofA Says It Knows the Place to Be for Top Bond Returns in 2016
- Russia among top performers with `double-digits' returns seen
- Central bank to cut rates 250 basis points by April, BofA says
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Bank of America Corp. says the world’s best bond rally has more life in it.
Russian ruble debt will earn at least 10 percent in 2016, after leading the world in 2015 with returns of more than 25 percent, according to Bank of America strategists led by David Hauner. They’re predicting central bank Governor Elvira Nabiullina will drive fixed-income gains by cutting interest rates 250 basis points through the end of March, catapulting returns to among the top for emerging market nations.