Z's kind of thrives on geopolitical positivity. Time to put it in long papers again? Following shares, the public debt market also came to life. But the positive geopolitical news did not cancel the pause in central bank rate cuts, nor large-scale borrowing by the Ministry of Finance. The main question for the investor is whether this growth will provide an opportunity to earn not only on coupons. Why are the yields of decades holding around 17% and they can remain high for another year and a half? What needs to change for stock prices to rise for a long time, and how much can geopolitics help? We understand whether to take additional risk in the company's bonds, if government securities already offer a high yield. As well as how to choose bonds for the next 6-12 months: fix the yield or stay afloat, what urgency to prefer and whether to gradually buy the Z in anticipation of lower rates. Geopolitics pulled the market. Why wouldn't it reduce the Z's returns.

Z's kind of thrives on geopolitical positivity. Time to put it in long papers again? Following shares, the public debt market also came to life. But the positive geopolitical news did not cancel the pause in central bank rate cuts, nor large-scale borrowing by the Ministry of Finance. The main question for the investor is whether this growth will provide an opportunity to earn not only on coupons. Why are the yields of decades holding around 17% and they can remain high for another year and a half? What needs to change for stock prices to rise for a long time, and how much can geopolitics help? We understand whether to take additional risk in the company's bonds, if government securities already offer a high yield. As well as how to choose bonds for the next 6-12 months: fix the yield or stay afloat, what urgency to prefer and whether to gradually buy the Z in anticipation of lower rates. Geopolitics pulled the market. Why wouldn't it reduce the Z's returns.