No bond is 100% guaranteed; otherwise, we wouldn't talk about risk, we'd have certainty. Markets assume the US will pay, and other countries are charged a country risk premium.
Sometimes there are interesting bonds. A while ago, I bought one in Argentina that matured in two years, adjusted the principal for Argentine inflation, and had a 24% return. Depending on the circumstances, they can be excellent.
So true. Oh! 24% is really a good return. With this type of investments, the highest one I saw is 16%. Even with the inflation. Now they are back at 3% lol.
It was a pivotal moment. The market expected the Argentine president to lose the midterm legislative elections. Argentine assets had been trending downward for six months, a trend that intensified with the elections, and people also began buying dollars.
Milei received Trump's endorsement, won the election, and the markets celebrated—a shift in the trend.
Yes. Now, if the president were to lose the elections, we would be in the deepest financial hell in Argentina.
i guess not. You are not in the deepest hell. we might claim it here in our country. philippines. you will never experience a flood control project that was government fully paid, inspected, QA/QCed but never existed. Well, there are already lots of issues on every country right now, so it really is hard to tell would be in the deepest financial hell. maybe we can form a group for it.