Venezuela Is Apocalyptic but Bond Traders Are Sitting It Out
Why Venezuela's Many Crises Keep Getting Worse
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Tuesday in Venezuela, armed groups attacked Congress and a police helicopter may or may not have dropped grenades onto the Supreme Court.
Wednesday’s reaction from traders? Mostly a shrug. Venezuela’s benchmark bonds due in 2027 edged higher, while notes from the state oil company coming due this year were a hair lower. The cost to insure sovereign debt from default dropped the most in a month.