Ecuador Bonds Lead Emerging-Market Losses Ahead of Sunday Runoff

Ecuador’s sovereign bonds slumped Thursday as the worst performers in emerging markets with traders bracing for Sunday’s presidential runoff.

• Notes fell across the curve, with those due in 2030 dropping 3.8 cents on the dollar to 53.9 cents, according to indicative pricing data compiled by Bloomberg
• On Wednesday, former presidential candidate Jan Topic said he would accept a position in the cabinet of socialist candidate Luisa Gonzalez if she wins
  • “Given the ongoing violence spree in Ecuador and Topic’s widespread reputation for being a security expert, we think this is very positive for the Luisa González campaign,” wrote Ramiro Blazquez ...