Venezuela Spooks Swaps Traders as Indicted General Gets Top Post

Updated on
  • Country’s default swaps had tumbled in recent months
  • U.S. court revealed drug trafficking charges for Reverol

Derivatives traders are ratcheting up wagers that Venezuela will default after President Nicolas Maduro replaced a key member of his economic team and tapped a military general accused of drug trafficking by the U.S. to join his cabinet.

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