From Morningstar:

Emerging market debt funds have seen a surge in value, due to a spike in holdings of Venezuelan government bonds, despite the country’s political and economic isolation. Morningstar fund analyst Shannon Kirwin explains that the value spike is due to the U.S. lifting a ban on the secondary trading of Venezuelan bonds, alongside other factors. However, these bonds are in default and trade at very low prices. The prospect of these bonds being rehabilitated is uncertain, as Venezuela is unable to issue new debt due to U.S. sanctions.

The recent spike in value of Venezuelan government bonds held by emerging market debt funds is attributed to the U.S. lifting a ban on the secondary trading of these bonds, as well as other factors. However, the bonds are in default and trade at very low prices. The prospect of these bonds being rehabilitated is uncertain, as Venezuela is unable to issue new debt due to U.S. sanctions.

The recent spike in value of Venezuelan government bonds held by emerging market debt funds is attributed to the U.S. lifting a ban on the secondary trading of these bonds, as well as other factors. However, the bonds are in default, trade at very low prices, and have no prospect of being rehabilitated or refinanced due to U.S. sanctions on Venezuela.

The recent spike in value of Venezuelan government bonds held by emerging market debt funds is attributed to the U.S. lifting a ban on the secondary trading of these bonds, as well as other factors. However, the prospect of these bonds being rehabilitated or refinanced is uncertain, as Venezuela is unable to issue new debt due to U.S. sanctions.

The recent surge in value of Venezuelan government bonds, despite being in default, is due to the lifting of the U.S. ban on the secondary trading of these bonds, as well as other factors. However, the prospect of these bonds being rehabilitated or refinanced is uncertain, as Venezuela is unable to issue new debt due to U.S. sanctions.

The recent surge in value of Venezuelan government bonds, due to the lifting of the U.S. ban on the secondary trading of these bonds, has sparked interest in these bonds. However, the prospect of these bonds being rehabilitated or refinanced is uncertain, as Venezuela is unable to issue new debt due to U.S. sanctions.



Read more: EM Bond Funds Are Getting a Boost From… Venezuela?