Want Some Thrills? Try Foreign Bonds

Playing the global bond market is not for neophytes. But investors who understand the movement of currencies and who keep abreast of political and economic events around the world might want to consider purchasing overseas bonds. Despite the global rise in long-term interest rates, some of them have provided handsome returns this year thanks to the decline in the dollar. And some analysts see further opportunities in the world's battered debt markets. "If you do your homework, you can enhance a portfolio without added risk," says Gary Evans, a senior vice-president at Baring Securities in New York.

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