| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers V > Headlines for Venezuela > News item |
LatAm markets quiet as Easter weekend lull continues; Treasuries send EM gains higher
By Colin Hanner
Chicago, April 17 – The Easter holiday carried over into many world markets on Monday, setting up for a quieter session than usual, a market source said.
In the lower half of the globe, Latin American markets did not have a lot of action, brought on by the inactivity of last week.
Just two sessions following the payment of interest and principal of $2.2 billion to investors, Petroleos de Venezuela SA’s bonds have ticked higher across the board, a market source said, and were trading higher on Monday afternoon.
PDVSA’s 8½% notes due 2017 were up ¾ point from mid-morning to 90¼ bid, 91¼ offered.
The 9% notes due 2021 were up ¼ from the morning session with a 54½ bid, 55½ offer.
And the 6% notes due 2024 were quoted at 39¼ bid, 40¼ offered, unchanged from the morning.
Venezuela’s notes gained some momentum come the afternoon session.
The 7% notes due 2018 were up 1 point at 71 bid, 72 offered.
Its 6% notes due 2020 were quoted at 52¼ bid, 53¼ offered, up ¼ point.
And the 8¼% notes due 2024 were also up ¼ point with a 46¼ bid, 47¼ offer.
A market source said that gains from emerging markets last week were due to gains in U.S. Treasuries which pushed the yield curve lower, a trend which slowed on Monday afternoon.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.