Ecuador could reap bonanza in bonds if opposition wins

Posted on February 3, 2017 • Filed under: Economy, Ecuador, Politics

Dion Rabouin/reuters – “Ecuador has the potential to be a breakout story depending on how the elections go,” said Arif Joshi, emerging markets debt portfolio manager at Lazard Asset Management, who said Ecuador was one of his top picks for 2017.

“If the opposition wins you will likely see the same type of spread compression that you saw in Argentina and Brazil,” Joshi said.

THINKING OF MOVING TO ECUADOR – THIS IS ONE BOOK THAT IS A MUST READ

The spread between yields on U.S. Treasury bonds and Argentinian and Brazilian sovereign bonds both narrowed by more than 100 basis points ahead of the election of Mauricio Macri in Argentina and Rousseff’s removal in Brazil. Read Article

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