Due to the unique circumstances in Europe these days those bonds present an opportunity.A different question I was thinking: is European debt necessarily any better/worse than any other kind of debt?
what's an adr and how do I buy one?much easier to buy would be a handful of big euro bank ADRs. Others are already there. Today's volume in banco santander was over 19 million shares.
Yeah, but corporate junk bonds also offer "unbelievably" high yields.Due to the unique circumstances in Europe these days those bonds present an opportunity.
Yields are unbeliveably high
the diff. is that if a junk corp. can't pay it's bonds, it'll quietly default and investors will get nothing.Yeah, but corporate junk bonds also offer "unbelievably" high yields.
I'm not entirely convinced that there's anything intrinsically "better" about buying junk debt from insolvent European countries than buying debt from junk-rated corporations.
I think that's pretty optimistic.on the other hand, coutries like those in the EU are not junk corporations and they will not be allowed to fail by the EU and the IMF.