Ecuador’s sovereign bonds plunged to a record on concern the International Monetary Fund will delay disbursement of the next tranche of a $4.2 billion loan.
The notes are the worst-performing in emerging markets Friday as the government and the IMF discuss a new calender for disbursals. Risk sentiment was made worse as cases of the fast-spreading Covid-19 virus topped 100,000, pressuring oil prices to fall by the most since 2015.
