For a 46% return, bond investors go to Venezuela—If they dare

by | October 24, 2016 6:00 pm

    Venezuela is plagued by widespread hunger, skyrocketing infant mortality and 500% inflation. Yet its sovereign bonds are the best performers in emerging markets this year, delivering investors a return of 46% through Friday. The government of President Nicolás Maduro continues to pay billions of dollars annually to service Venezuela’s debt, even as it…

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