Venezuela

We highlighted back in July, when the parallel exchange rate was trading at a high of VEF3.4000/US$, that the currency strength would be short-lived as it was not driven by fundamental... 2008-09-18

Global credit default swap (CDS) markets are experiencing an unprecedented re-pricing process. Under phenomenal stress from US financial market fissures, the unwinding of risk and... 2008-09-17

As we have repeatedly warned, these are dark days for Venezuela's fixed-income and credit default swap (CDS) markets and there is no sign of an end to asset underperformance, in our... 2008-09-15

BMI View: We have started to witness a spate of nationalisations, referenda and constitutional proposals across Latin America, which have started to dictate investor sentiment and... 2008-08-19

In spite of the remarkable economic resilience exhibited across the region earlier in the year, global headwinds have now started to damage the macroeconomic outlook in Latin America.... 2008-08-14

We think that there could be some significant downside potential for Brazil's US$ Global 27 bond. At 6.3%, current yields do not appear attractive enough to warrant a heavy long position,... 2008-08-07

Even at current high levels, there is little incentive to sell protection on Argentine and Venezuelan debt via 5-Year Credit Default Swaps (CDS), in our view. Both contracts are fairly... 2008-08-06