Fun with international bonds a.k.a. The frog begins to boil

He tore the golden brooches that upheld
Her queenly robes, upraised them high and smote
Full on his eye-balls, uttering words like these:
"No more shall ye behold such sights of woe,
Deeds I have suffered and myself have wrought;
Henceforward quenched in darkness shall ye see
Those ye should ne'er have seen; now blind to those
Whom, when I saw, I vainly yearned to know."

Sophocles, "Oedipus Rex"

It's one thing if the 1040 instructions are telling you something like "See Pub. 550 for details; if you don't meet the following conditions you'll have to use the worksheet there."

It's quite another if you're already in some publication or other and they say, "See regulation 1.988-2(b) for details," which roughly translates to "Worksheet? Hahahahahahahahahahahahahahahahahahahaha. No."

Today's topic:  Foreign-currency-denominated bonds.

( Jesus H. Mother of F... )