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Stas, A good rule of thumb I try to follow is not to buy the bonds of any company that's not publicly-traded. That way, there's both the bond analysts and the stock analysts tracking the company, plus two markets voting with their dollars. One "exotic" that continues to do well for me is a Jamaica bond I picked up years ago. But by and large, very few foreign sovereigns come onto the market. So betting on them is better done through a fund. (IMHO, 'natch.)Arindam
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