Bonds

Trump Deal With Maduro Sends Venezuela Bonds to Six-Month High

Sides reached agreement on deportations, prisoner release
Sovereign notes maturing in 2027 rise above 20 cents

This photo released by Venezuela’s presidential press office shows Venezuelan President Nicolas Maduro, right, shaking hands with Richard Grenell, US President Donald Trump’s special envoy, at Miraflores presidential palace in Caracas, Venezuela, on Jan. 31, 2025. Behind is Jorge Rodriguez, president of the National Assembly.Source: Venezuela’s Presidential Press Office

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Bloomberg News

February 3, 2025 at 5:01 PM UTC

This article is for subscribers only.

Venezuela bonds jumped after the government reached a deal with the White House, adding to optimism that President Donald Trump’s administration is softening its stance toward the political foe.

Government dollar notes rose across the curve on Monday, with those due in 2027 crossing above 20 cents on the dollar for the first time since July. Venezuela has been in default since 2017 on a debt pile estimated to top $150 billion, including some of the most distressed government bonds in the world.