Venezuela bond traders ignore Goldman outrage
Goldman Sachs sparked the ire of Venezuelan opposition supporters and several bond investors this week as it bought $2.8bn of PDVSA bonds at a hefty discount that put the yield at 40%.
Venezuelan and PDVSA bonds — which offer anywhere from 15% to 38% at various points on the curve — were up and down this week as volatility hit oil prices, but the Goldman episode had no tangible effect on trading.“Bonds have been slipping because oil has been slipping, ...
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