Ecuador Bonds Rally in Early Trading as Noboa Wins Presidency

Ecuador bonds jumped Monday after investor-favorite Daniel Noboa beat his socialist opponent Luisa Gonzalez in a runoff vote held Sunday.

• Notes due 2030 gained 2.2 cents to trade at 31.36 cents on the dollar
• Bonds due 2035 climbed 2.4 cents to 38.77 cents on the dollar; notes due 2040 rose 2.4 cents to 34.86 cents
• Noboa had 52% with more than 94% of votes tallied, according to preliminary data from the electoral authority. Gonzalez conceded
• READ: Millennial Banana Heir Noboa Wins Ecuador Presidential Vote
• READ: Investors Look for Ecuador Election to Bring End to Bond Rout

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