Bukele Lures Wall Street Back to El Salvador as Bonds Rally
- Notes due in 2025 climb to highest since September 2021
- Nation said to tap ex-IMF official Alejandro Werner as adviser
Nayib Bukele
Photographer: Camilo Freedman/BloombergThis article is for subscribers only.
El Salvador’s bonds are on a roll as investors cheer on signs that President Nayib Bukele’s government is trying to shore up finances.
The Central American nation’s overseas notes are the best-performing in emerging markets Tuesday, with the price of $348 million of bonds due in 2025 surging to the highest since September 2021. Yields on the notes dropped to 18%, compared to a peak of more than 70% last July.