Venezuelan Bolivar Plunges to Record Low on Black Market; Bond Default Coming Up in October?
MishTalk
AUGUST 28, 2014
Venezuela’s benchmark dollar bonds due in 2027 fell 0.44 I wonder why 2027 bonds trade as high as 79 cents on the dollar, even with 12.56% interest rate. Mike "Mish" Shedlock [link] Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. cent at 12:37 a.m. in New York to 79.01
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