Speculation is growing that Ecuador’s president, Lenín Moreno, will seek an IMF deal in the coming months, and history suggests that the recent rally in sovereign dollar bonds has further to run. Venezuela’s dollar bonds have also rallied this week as investors have begun to anticipate a swift regime change, but things could still get worse before they get better.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services