Venezuela’s astoundingly messy debts are about to get messier
The toppling of a head of state rarely inspires market confidence. But since American special forces barrelled Nicolás Maduro onto a plane, investors have piled into Venezuelan government debt: ten-year-bond prices have risen from 33 to 43 cents on the dollar. The move is the biggest since 2023, when America lifted a ban on trading the country’s assets.
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