Venezuela Bonds Jump on Reports of Increasing US Pressure

Venezuelan dollar bonds were up across the curve on Friday after reports of the US potentially increasing military pressure on the oil producing nation.

• Notes due in 2027jumped more than two cents, the most since May, to trade above 30 cents on the dollar, according to indicative pricing data compiled by Bloomberg
  • Bonds from state-owned oil company PDVSA also rose, with the 2026 maturity rising more than 2 cents to trade at around 22 cents on the dollar
• NOTE: The US has selected targets in Venezuela, including military facilities, that it may strike as part of its counter-narcotics campaign, ...