US Airstrikes on Venezuela To Lead to Bond Gains, Coeli Says

Maciej Woznica, a fixed-income portfolio manager at Coeli Frontier Markets, a unit of Coeli Asset Management, which oversees some $4.8 billion, has been buying Venezuela’s bonds since May. He says for investors in the securities, the US airstrikes against the Latin American nation and the capture of President Nicolas Maduro on Saturday “is a positive” and “will lead to continued appreciation of bond prices towards recovery levels, which is around 50 cents on the dollar.”

• Explicit comments on US engagement in oil production, are also positive for investors as it suggests a drop of sanctions against the country, Woznica ...