I see the Philippines is rated at BBB. The yield on securities is around 6.2%. I have many questions but here are the big ones: How does one go about buying bonds from the Philippines government? Where can you check auction dates and history? Is this even an option for foreigners? If so, can you initiate the purchase from a foreign bank account. (And be paid back into a foreign account with direct deposit?) I'm sure I would need to report this on my taxes: would they provide me with the proper/equivalent tax documents (1099INT)? Do they have short/medium term security options? US Treasury calls these "Bills" (4 to 52 weeks) and Notes" (2 to 10 years). Have they went paperless? (Meaning this can all be done online without any physical bonds being issued/redeemed at banks?) Has anyone given this a go before? Edit: I just realized that the interest would be taxable income in the Philippines. This raises a whole slew of additional tax related questions...that would probably be best directed to my CPA. Depending on how difficult the Philippines would make this for a tourist it may not be worth the extra 3%.