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A 220% Bond Rally Snaps as Venezuela Euphoria Gets Reality Check

Only one outlet has reported this so far: treat it as unconfirmed.

📍 Caracas, Venezuela, VE·🕐 175d ago·1 outlet

To the investors who had snapped up Venezuela’s defaulted bonds at beaten-down prices, it was the moment they were waiting for: Acting President Delcy Rodriguez’s government announced that it was moving quickly to kick off negotiations aimed at restructuring its $170 billion pile of debt.

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