Economy / Venezuela
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Dark Days Ahead For Debt, CDS
September 2008 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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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 view. In spite of the significant losses already suffered in recent months, we remain outright bearish on Venezuela's sovereign debt - particularly the benchmark