Bonds From Venezuela And Its State Owned Oil Company Are Rallying After Jpmorgan Chase Co

Venezuelan Bonds Surge as U.S. Investors Reenter Market

Bonds from Venezuela and its state-owned oil company are rallying after JPMorgan Chase Co

Venezuelan bonds have risen to the highest levels in three months as JPMorgan Chase Laid out a plan to re

CARACASMADRIDNEW YORK June 15 (Reuters) - Small funds and investors outside the United States are looking to. Look at what landed overnight from the US Department of the Treasury Alphavilles emphasis below. Elias Ferrer is director of Orinoco Research Many people think Venezuelan debt is a lost. Venezuelan government bonds climbed as high as 21 cents on the dollar after the US lifted a ban from 2019 Bloomberg..

Prices more than doubled for some sovereign bonds with a 2018 Venezuela issue up 875 cents at 17 cents. Venezuelan bonds rose sharply after the Biden administration allowed US investors to buy the notes for the first time.

The rally in Venezuelan debt has been fueled by a combination of factors, including the easing of US sanctions, the Biden administration's willingness to engage with the Venezuelan government, and a growing sense of optimism among investors that Venezuela's economy is on the mend.

While the rally in Venezuelan debt is a positive development, it is important to note that the country's economic and political challenges are far from over. Inflation remains high, the economy is still contracting, and the political situation is still volatile.

As a result, investors should exercise caution when investing in Venezuelan debt. While the potential for upside is significant, there is also the potential for significant downside risks.

The Biden administration's decision to allow US investors to buy Venezuelan debt is a significant development that could help to improve Venezuela's economy and political situation. However, it is important to note that the country's challenges are far from over. Investors should exercise caution when investing in Venezuelan debt.