Samstag, 23. Juli 2016
Sonntag, 24. Juli 2016
PDVSA’s bonds have rallied this year, and swaps traders have reduced wagers on a default over the next 12 months, amid speculation that a recovery in oil prices, financial maneuvers and support from China will allow the company and Venezuela’s government to keep servicing its debt for the time being. Still, the probability of a default in the next five years is above 90 percent, according to credit-default swaps.