Venezuela Bonds Rally as Opposition Wins Majority in Congress

Updated on
  • Opposition wins at least 99 seats out of 167 to be awarded
  • Price on government bonds due 2027 rises most since June

Venezuelan bonds rallied the most in six months after elections handed the opposition alliance a majority in Congress for the first time in 16 years, a blow to President Nicolas Maduro and his continuation of the late Hugo Chavez’s ideology.

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