Back when interest rates were low, it was popular for fast-growing companies to sell zero-coupon convertibles.
Investment-grade bonds have seen three straight weeks of inflows.
High-profile financial advisors say they're experiencing a surge in enquiries for so-called liability management.
It would be the first time the nation defaulted on foreign-currency bonds since the Russian Revolution 100 years ago.
The debate about whether Russia will actually default on its debt is ramping up.
The net overweight position in investment-grade credit has dropped to 16%, the lowest since February 2019.
Bond yields are rising as euro bloc countries show less need for monetary stimulus.
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