|Bid||24.82 x 500|
|Ask||24.84 x 1000|
|Day's Range||24.82 - 24.85|
|52 Week Range||23.02 - 24.90|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.40%|
Venezuela may be running on fumes and U.S. sanctions may hurt, but the government coughed up $185 million to pay the coupon on a bond maturing in 2027, according to several reports. It was five days late, and many investors fear that Venezuela could default on its debts. Of course, it's not clear if the government's future tense meant that it would have the resources today, or until the end of time.
Eurasia Group says increased financial strain in Venezuela caused by latest round of U.S. sanctions could result in the restart of dialogue between the government and the opposition. Citing recent U.S. sanctions that limit trade in Venezuelan debt, President Donald Trump , at the United Nations Tuesday, condemned Venezuela President Nicolas Maduro's government for imposing socialism and circumventing democratic processes. Eurasia Group analysts Risa Grais-Targow and Agata Ciesielska expect dialogue to resume between the Venezuelan government and opposition, with international pressure likely to result in more pronounced financial strain for the already-struggling nation.
Argentina returned to global capital markets with gusto after the newly-elected market friendly government resolved investor payments on defaulted debt last year, but now the market may be saturated with bonds. With an eye on regional elections on Oct. 22, Bank of America Merrill Lynch's Sebastian Rondeau, a Latin America fixed income and currency strategist, writes: "Argentina's macro outlook has improved materially in the last two months after a pro-reform primary election result and growing optimism about a recovery in Brazil. This makes Argentina vulnerable to a reversal in capital flows.