Investment attractiveness of high–yield bonds in the context of restrictive monetary policy
https://doi.org/10.24182/2073-6258-2025-24-4-33-38
Abstract
The article is devoted to the analysis of the investment attractiveness of third[tier bonds. It examines a number of factors that reduce investor interest in the instrument, including the increase in the number of defaults due to the high key rate of the Bank of Russia and the narrowing of yield spreads. Furthermore, the article lists groups of the most reliable issuers, which include, among others, microfinance organizations and companies with state support.
About the Authors
P. A. KomarovRussian Federation
Student
Moscow
A. I. Lakhtikova
Russian Federation
Student
Moscow
References
1. Vector reorientation of the system of state support for small and medium-sized businesses in the context of structural changes in the Russian economy / Yu.I. Dubova, M.T. Kozhukhova, A.S. Trudnikov, V.V. Yarakhmedova//Economics, Entrepreneurship and Law. 2025. T. 15, No. 11. S. 7297–7312. DOI 10.18334/ epp.15.11.124067. EDN PLPBHT.
2. Komarov P.A. The specifics of issuers’ and investors’ activities in the third-tier bond market. Scientific notes of the Russian academy of entrepreneurship. 2025. Т. 24. № 3. P. 24–29. https://doi.org/10.24182/2073-6258-2025-24-3-24-29.
3. Lakhtikovа A.I. The third-tier bond market in the context of tight monetary policy. Scientific notes of the Russian academy of entrepreneurship. 2025. Т. 24. № 3. P. 30–37. https://doi.org/10.24182/2073-6258- 2025-24-3-30-37.
4. Komarov P.A., Nazarov A.O. Bonds of the third echelon: problems of placement and circulation//Bulletin of the Academy of Knowledge. 2025. № 5(70). P. 510–514.
5. Novikov Yu., Kuznetsov A., Fataliev A., Sokolov R., Alexandrov D. Year of fundamental changes in expectations and moods of market participants. CbondsReview. 2024. № 1. S. 28–37.
6. Tropina Zh.N. Specifics of the issue and circulation of commercial bonds. Contentus 2018. № 7(72). S. 19–24.
7. Tropina Zh.N. Not in money happiness... Commercial papers as a tool to attract financial resources. Russian entrepreneurship. 2004. № 11. S. 64–67.
8. Tropina Zh.N. Not in money happiness... Commercial papers as a tool to attract financial resources. Russian entrepreneurship. 2004. № 9. S. 68–71.
9. Tropina Zh.N. Placement of funds in the Russian financial market by private investors. IEA Bulletin. 2020. № 28. S. 6.
Review
For citations:
Komarov P.A., Lakhtikova A.I. Investment attractiveness of high–yield bonds in the context of restrictive monetary policy. Scientific notes of the Russian academy of entrepreneurship. 2025;24(4):33-38. (In Russ.) https://doi.org/10.24182/2073-6258-2025-24-4-33-38



























