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Macedonian Record Bond Rout Lures Buyers as Economy Outperforms

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For the more intrepid among investors, the record selloff in Republic of Macedonia bonds is already becoming an opportunity to buy.

Landesbank Berlin Investment GmbH doubled its holdings of Macedonian debt last week. The worst political crisis in more than a decade in the former Yugoslav republic, or Fyrom, is unlikely to derail the economy’s convergence with the European Union even as yields soar, according to Lutz Roehmeyer, a money manager overseeing $1.1 billion at the German company.