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| -Short Attention Span Theater- |
| JPMorgan Chase and Goldman Sachs are scooping up Russian corporate and government bonds at rock-bottom prices in hope of turning massive post-war profit |
| 2022-03-31 |
[NYPost] Wall Street banks and hedge funds including JPMorgan Chase and Goldman Sachs are scooping up Russian corporate and government bonds at rock-bottom prices in the hopes of turning a massive post-war profit, according to reports.
The risky investments come as other finance giants who specialize in snapping up distressed debt have stayed on the sidelines, noting that Russia has been sanctioned and ostracized from the Western economy because of its brutal military invasion of Ukraine.
The sanctions, which do not prohibit Western financial entities from trading in Russian bonds, have reduced demand for Russian corporate and government debt while creating irresistibly high yields.
| Either they’ll make a killing or lose their shirts. In the meantime, they’re making a market for those who otherwise would be unable to sell. |
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| Posted by:Clater Thirong5959 |