Venezuelan Bonds Post Biggest Five-Day Rally in 20 Years on Oil
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Venezuelan bonds posted the biggest five-day advance in at least 20 years, climbing from near a record low as oil prices pared this year’s drop.
The securities have gained 25 percent since Dec. 16, according to JPMorgan’s EMBI Global Venezuela index, pushing yields on benchmark debt due in 2027 down to 21 percent as of 11:54 a.m. today in New York from 26 percent a week ago.