El Salvador rally withstands volatility as bonds look beyond midterms

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El Salvador rally withstands volatility as bonds look beyond midterms

Oliver West
February 26, 2021 03:30 AM
Nayib Bukele, El Salvador, presidente, Central America, LatAm, 575, Covid-19, facemask, coronavirus
20 May 2020, El Salvador, San Salvador: Nayib Bukele (M.), President of El Salvador, speaks to journalists wearing a face mask about the corona pandemic. After his first year in office, the popular, young president has achieved significant successes - with a preference for the military and contempt for justice, but also a great deal of horror. (to dpa "Twittering monarch: El Salvador's "cool" president polarized" from 28.05.2020) Photo: VÌctor PeÒa/dpa | VÌctor PeÒa/Víctor Peña/dpa

El Salvador’s bonds retained recent gains on Thursday as EM’s riskiest credits proved resilient to the week’s US Treasury sell-off, with bondholders hoping that Sunday’s mid-term elections will give president Nayib Bukele the political capital he requires to implement an IMF programme.

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Oliver West
US Bureau Chief - Latin America Editor
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