A 220% Bond Rally Snaps as Venezuela Euphoria Gets Reality Check
To the investors who had snapped up Venezuela’s defaulted bonds at beaten-down prices, it was the moment they were waiting for: Acting President Delcy Rodriguez’s government announced that it was...
By Vinicius Andrade, Nicolle Yapur · Bloomberg Markets
To the investors who had snapped up Venezuela’s defaulted bonds at beaten-down prices, it was the moment they were waiting for: Acting President Delcy Rodriguez’s government announced that it was moving quickly to kick off negotiations aimed at restructuring its $170 billion pile of debt.