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Lima group to meet in Canada to deal with Venezuelan crisis

Wednesday, June 7, 2017

Why Is Goldman Sachs Investing In Venezuelan Sovereign Bonds?

A few months ago, I wrote that Venezuela was a terrible place to invest. But since then, an index that reflects the price of U.S. dollar-denominated Venezuelan sovereign bonds - the only way portfolio investors can put money into the country - is up nearly 13 percent. By comparison, a general emerging markets bond index is up just 2 percent. So have things gotten better in Venezuela over the past few months? Does this increase in Venezuelan sovereign debt reflect an improved ability to repay its obligations? No… just the opposite. More…



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