[Verse 1] Sarah spots a bond from Tokyo Yields that shimmer, ten percent or so But hidden currents pull beneath the waves Currency swings that no investor saves Yen might tumble while her dollars sleep Foreign treasures aren't always what they seem [Chorus] Diversify but watch the currency ride Benefits bloom when borders collide Developed markets, stable and bright But exchange rates dance through the night Foreign bonds spread risk around Currency exposure up and down [Verse 2] German Bunds and British Gilts align Portfolio flavors, vintage and fine When home rates crater, foreign shores may rise Geographic scatter opens up the prize Interest cycles spin at different speeds What Australia plants, Japan may not need [Chorus] Diversify but watch the currency ride Benefits bloom when borders collide Developed markets, stable and bright But exchange rates dance through the night Foreign bonds spread risk around Currency exposure up and down [Bridge] Hedging costs money, naked costs more Euro slides down while your franc gains soar Correlation breaks when crisis hits hard Foreign developed bonds reward and scar [Verse 3] Switzerland calls with negative yields Sometimes protection matters more than fields Of golden harvests, when the storms arrive International shelter keeps hope alive But translation risk will always remain Every foreign bond's a two-sided game [Chorus] Diversify but watch the currency ride Benefits bloom when borders collide Developed markets, stable and bright But exchange rates dance through the night Foreign bonds spread risk around Currency exposure up and down [Outro] Borders blur but currencies stay Foreign bonds cut both ways
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