Venezuela Boasts World's Best Bonds as Maduro Looks Vulnerable
- Sovereign bonds have jumped 19% this year on restructuring bet
- Venezuela has defaulted on more than $9 billion in bonds
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Venezuela is back to its winning ways in the bond market after defaulting on some $9 billion in debt over the past year.
The sovereign notes have returned 19 percent to start 2019, more than eight times the emerging-market average, amid speculation that declining support for President Nicolas Maduro may eventually bring about a new government.