Opportunity in Mongolia's 'Gengis Bonds' as Coalition Government Splits

Following up on last Wednesday's "Genghis Bonds: Mongolia Floats Paper Cheaper than Spain".
From FT Alphaville:
Genghis bonds stumble

Oh dear, Mongolia’s new dollar bonds “tentatively nicknamed Genghis Bonds” (h/t Katie Martin) have been hit by some shocking, hard to predict, political instability.
From Reuters:

One of the members of Mongolia’s fragile coalition government has ordered its ministers to leave their posts, a move that has sent the country’s bonds into a tailspin and could threaten the passage of crucial legislation.
Mongolian bonds plunged $7-$8 on Wednesday on the news that the populist Mongolian People’s Revolutionary Party (MPRP) was no longer prepared to work with the free-market Democratic Party, the country’s biggest party, following June elections.

The numbers had always been pretty dramatic with the $500m, five-year bond pushed out at 4.125 per cent yield and the larger 10-year $1bn at 5.125 per cent (Mongolia is not Spain is not x is not etc…)...MORE

Regarding the rather dry "...shocking, hard to predict" bit, Mongolian markets are resiliant and strong like musk ox. See:
Khan Resources jumps 20% despite Mongolian riots