Renewed Interest in Venezuelan Bonds
Venezuelan bonds have surged to a three-month peak, prompted by JPMorgan Chase reintroducing them into its emerging market indices. Investors, anticipating the rebalance, have started accumulating these bonds. This year, Bloomberg reports that both government and state-owned enterprise bonds have appreciated by about 20%. Venezuela’s prolonged default notwithstanding, the anticipation of presidential elections has reignited […]