It has become difficult to buy bonds – especially in foreign currency. New EU regulations are also to blame. There is a solution, but it is not easy.
ABorrowing fans don’t have it easy. The returns on safe paper have been negative for a long time. For example, if you buy government bonds, you no longer receive interest, but pay on it. Corporate bonds could be an alternative, but there is often not much left to gain here either. Unless you’re looking at bonds denominated in foreign currencies like the dollar. Then the risk is a little higher, but the value of the dollar in relation to the euro can fluctuate quite a bit. But at the same time, at least slightly higher returns are attractive.
However, if you are looking forward to the search and find what you are looking for in one or the other American corporate bond, sooner or later you will encounter a problem: Many of these bonds can no longer be bought through your own online broker or bank. The Stuttgart Stock Exchange has presented new figures: The bond specialists there have evaluated how many of the foreign currency bonds listed on the stock exchange can still be acquired by investors. If you exclude in a first step all those bonds that are simply unaffordable for most investors with a denomination of 100,000 euros or more, there are still around 4,140 corporate bonds that were issued in a currency other than the euro. Of these, however, exactly 2527 bonds cannot currently be bought, i.e. almost 60 percent.