Foreigners Boost Russian State-Debt Holdings to Record: Chart

Foreigners raised holdings of Russian government bonds to a record of 1.35 trillion rubles ($21 billion) in June as yields among the highest in emerging markets lured investors faced with near-zero rates in the developed world. That boosted the share of outstanding debt held by foreigners to a two-year high of 25.4 percent as of July 1. JPMorgan Chase & Co. recommended keeping overweight the country’s local-currency debt, while Morgan Stanley called the ruble “attractive.”

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