Bullish on chaos
There's a storm brewing in our country, but in VennyLand…everything is Awesome!
Pdvsa 22 New, A Trader's-Eye-View
Seventeen months after a bizarre, closed-doors deal between PDVSA, Banco de Venezuela and BCV, a “new” Pdvsa 6% 2022 bond turned up and fell a hair-raising 11% in its first day of ‘trading’. We set out to figure out what the hell that’s about.
The Contrarian's Take: Why PDVSA Might Not Default
On Wall Street, the consensus is hardening: PDVSA will default in 2016. But what if they're underestimating our willingness to just pawn everything and pay?
VENZ/PDVSA: The Quincena from Hell
Today sees the start of the longest fortnight in the history of the Venny bond market. Brace yourselves.
From High School Bully to Five-Star Cadivero
Which of your high school classmates is going to be the one who ended up making it big on the Cadivi circuit? The bully, obvs.
Rodolfo Medina: My prof, the minister
It’s always strange when someone you know turns up on the news. So imagine my surprise when I found out Rodolfo Medina, my old Econometrics teacher from undergrad days at UCV, is now Finance Minister.
Oil Prices: Department of "Y Parió la Abuela"
Almost forgotten amid the Constitutional Crisis, crude oil prices are crashing to terrifying lows, sending the effective yield on some Venezuela bonds north of 142%. (That is not good.)
Venny bonds go bipolar on New Majority, New Lows on Oil Prices
Venezuela's bond markets has never been a paragon of stability. But the last couple of weeks - man!
The Diosdado Trade
As Diosdado Cabello meets Wall Street investors, Venny bond prices rally. What’s going on? No one is sure, but word on the Street is that the PDVSA re-profiling is basically a done deal.
You heard it here first: BCV is running out of hard assets
Financial statements prove the Venezuelan Central Bank is rojo rojito. As in, in the red.
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