RUSSIA: INVESTMENT HOUSE BULLISH ON RUSSIA`S LONG-TERM PROSPECTS?
J.P. Morgan has recommended that investors purchase Russian treasury bonds that will mature in 2030; Russia is one of
only three countries that earned this recommendation, according to gazeta.ru on 13 May. The other countries are Mexico
and Turkey. According to the website, there are two reasons for the investment house's optimism: the expected hike
in Russia's credit rating by international agencies and growing world oil prices. Crude prices reached a 13-year
high on 12 May. The website noted that J.P. Morgan's report did not advise investors to hold the bonds in their
portfolios for 26 years, but that it was worthwhile to buy them now while they are still cheap and sell them later at a
profit. JAC Copyright (c) 2004. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty
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RUSSIA IN FACTS
