Which bonds to choose at a rate of 14%: the top 10 reliable issues with yields above the "key" The central bank kept the key interest rate at 14% for the second time in a row. This is a signal to the bond market: there is still no reason to count on a quick easing of monetary policy. But high yields on debt securities still provide opportunities for investors. How do you build a bond portfolio under such conditions? Experts interviewed by RBC Investments recommend not chasing maximum profitability and being more attentive to the credit quality of the issuers. Therefore, Wells Capital recommends betting on short- and medium-term OFZs and reliable corporate bonds with a fixed coupon. "In the classical bond sector with a fixed coupon interest, it is worthwhile to maintain selectivity with an emphasis on the strong second level (rating A. a), where you can still find a noticeable premium for OFZ without a significant deterioration in credit quality," notes Yuriy Karavchenko, head of the banking and money market analysis department at Wells Capital. And in the PSB management company they pay attention to floats and long OFZs. According to the head of the company's analytical department, Alexander Golubtsov, the share of floating coupon bonds in the portfolio may exceed 50%. RBC Investments, together with analysts, selected ten reliable corporate bonds rated at least A. A and a return of up to 17.97% per year. The selection included securities with a fixed coupon and a duration between six months and three years. What issues are included in the list and what profitability can investors expect the top 10 most reliable bonds after the second break in key interest rate cuts Photo: Sommart Sombutwanitkul / Shutterstock.

Which bonds to choose at a rate of 14%: the top 10 reliable issues with yields above the "key" The central bank kept the key interest rate at 14% for the second time in a row. This is a signal to the bond market: there is still no reason to count on a quick easing of monetary policy. But high yields on debt securities still provide opportunities for investors. How do you build a bond portfolio under such conditions? Experts interviewed by RBC Investments recommend not chasing maximum profitability and being more attentive to the credit quality of the issuers. Therefore, Wells Capital recommends betting on short- and medium-term OFZs and reliable corporate bonds with a fixed coupon. "In the classical bond sector with a fixed coupon interest, it is worthwhile to maintain selectivity with an emphasis on the strong second level (rating A. a), where you can still find a noticeable premium for OFZ without a significant deterioration in credit quality," notes Yuriy Karavchenko, head of the banking and money market analysis department at Wells Capital. And in the PSB management company they pay attention to floats and long OFZs. According to the head of the company's analytical department, Alexander Golubtsov, the share of floating coupon bonds in the portfolio may exceed 50%. RBC Investments, together with analysts, selected ten reliable corporate bonds rated at least A. A and a return of up to 17.97% per year. The selection included securities with a fixed coupon and a duration between six months and three years. What issues are included in the list and what profitability can investors expect the top 10 most reliable bonds after the second break in key interest rate cuts Photo: Sommart Sombutwanitkul / Shutterstock.