"Georgian bonds yielded one of the best results after Ukraine in October. We explain this for several reasons. The fact that interest rates in the US hit record low has an impact on our region as well," Ana Nachkebia, Senior Research Analyst at Galt & Taggart, told TV-program Business Morning.
According to Nachkebia, investors are very interested in Georgian bonds.
"There is a tense situation in Armenia and Azerbaijan, the environment is unstable in Turkey. However, Georgia's bond looks quite interesting," Nachkebia said.
According to her, current processes in developed countries have impact on the bond markets.
“As of the IMF review, current fiscal and monetary policies in developed countries, which create excess liquidity, has an impact on both for the capital and bond markets.
Also, the number of empirical studies is growing, which proves that the impact of monetary and fiscal policies of developed countries have a quite large influence on merging countries," Nachkebia said.
