OFZ, bank deposits or corporate bonds - where is the lower risk in the context of the approaching "shucher"?
When you lend your money to someone, it is normal to first assess the borrower's solvency. For example, how a bank does it. When you apply to a bank for a loan, it necessarily evaluates your current liquidity and long-term solvency, and only then decides whether to give you money or not.
But the situation now is more similar, if we talk about individuals, that many investors simply invest in corporate securities, relying more on the authority of the company and the high interest rate it offers. And nothing more.
I don't think that many people study their accounting statements before making a decision, where they will not find any data on overdue loan debt, its dynamics, or the ratio of liquid assets to the checksum of their balance sheet, and so on.
And this undoubtedly plays into the hands of risky issuers.
You should always understand the following:
Who is the borrower of the popular debt instruments mentioned above?
- OFZ- the state
- Bank deposits are a financial institution with the status of a private individual or with a state share (if it is in the authorized capital)
- Corporate bonds (CO)representatives of the real sector, that is, production or services, in the status of a private individual or with a state share
Which of these entities ensures the earning of funds and the possibility of their return?
Of course, the real sector is manufacturing. When industries have problems with liquidity, then all this discussion begins, related to where and how to continue to be credited.
What is the interest of a private investor represented by an individual for all these entities, especially during periods of liquidity shortage?
The fact that it is becoming increasingly difficult to patch holes in the real sector at the expense of government bonds. Each new bond issue requires the regulator to find the necessary money supply to buy them back. Where this mass comes from to a greater extent is easy to guess. the issue. And with rising inflation, this approach is becoming extremely risky.
Thus, a great way to close these holes is simply to take money from citizens, that is, what people themselves once received in the form of their salaries. This is, in fact, a reverse outflow of money.
And this is the situation. Banks themselves no longer want to permanently lend to problematic sectors of the economy, and the state, in turn, can no longer take money from the regulator due to the above-mentioned reasons for rising inflation.
So where, in that case, should I get the money, given the circumstances? Of course, people do.
The essence of the fable is that if someone is going to be a "kind investor" in the domestic financial sector now, it is better to do it with OFZs, where there is at least some kind of guarantee from the Government, than with dubious banks and companies overloaded with non-repayable debts of current and past years.
