Venezuela bonds off lows but Maduro disappoints

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Venezuela bonds off lows but Maduro disappoints

Nicolas Maduro
Venezuela's President Nicolas Maduro holds up a small copy on the constitution during a meeting with leaders of the opposition at Miraflores presidential palace in Caracas, Venezuela, Thursday, April 10, 2014. Maduro's opponents blame his government for destroying the oil-rich economy and stamping out dissent. Meanwhile Maduro claims he's the target of U.S.-backed coup attempt. (AP Photo/Fernando Llano) | Fernando Llano/AP/Press Association Images

President Nicolás Maduro’s much-anticipated end of year speech did not give investors in Venezuela the reforms they wanted to hear although the country's bond yields tightened slightly from all-time highs as oil prices stabilised at the end of 2014.

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