Venezuelan Dollar Bonds Rally After Chavez Says He’s Fighting Cancer - Bloomberg: "Venezuelan bonds rallied on speculation Venezuelan President Hugo Chavez may not seek another term after he said he is being treated for cancer in Cuba, sparking speculation a new government may reverse policies that made the country’s debt the riskiest in emerging-markets.
The yield on Venezuela’s benchmark dollar bonds due in 2027 fell 49 basis points, or 0.49 percentage point, to 12.52 percent at 9:25 a.m. in New York, according to Bloomberg pricing. The price on the bonds rose 2.68 cents to 77.23 cents on the dollar."
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