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Emerging MarketsEM LatAm

HY lure lifts Central America duo but fundamentals looking bleak

Nayib Bukele, El Salvador, presidente, Central America, LatAm, 575, Covid-19, facemask, coronavirus

For yield-hungry bond buyers, Central American sovereigns El Salvador and Costa Rica have proved irresistible in recent days. But as political infighting in both countries hampers fiscal consolidation efforts, fiscal fundamentals could cause creditors concern for years to come.

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