Venezuela Bonds Rise as Maduro Says Talks With US to Resume

Venezuela’s sovereign bonds and notes issued by its state-owned oil company rose across the curve on Tuesday after President Nicolas Maduro said his government was resuming talks with the Biden administration ahead of presidential elections scheduled for the end of July.

• Venezuela’s sovereign notes that matured in 2022 were up as much as 0.75 cents, the most since early April, to trade at almost 19 cents on the dollar, according to traders and indicative pricing data compiled by Bloomberg
• PDVSA bonds due 2035 rose about 0.5 cent to around 14 cents on the dollar, one of the people said
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