The 12 worst investments of 2014, #11: Russian corporate bonds
Yields on Russian corporate bonds soared this year as billions of dollars’ worth of capital left the country in the wake of sanctions by the EU and US.
Decline in2014: -14.78%
The falling value of the rouble played a major part in the decline of corporate bonds, making it far more expensive for Russian corporations to pay back dollar debts. "If you have currency debts, you must be wondering how you are going to pay them off now", said Timothy Ash at Standard Bank.