Bear Tips Trinidad and Tobago Bonds

Bear Stearns is recommending Trinidad and Tobago’s bonds based on the country’s financial resilience. “We view T&T as a strong story in the current environment of risk aversion and maintain our outperform recommendation on T&T bonds,” the shop says. “Current account and fiscal surpluses, policy stability (in contrast to some other oil countries) and high oil prices should provide strong buffers against the global shocks we are currently experiencing,” Bear states.