A Bondholder's Nightmare
The days of crying wolf are over and the Venezuelan default is pretty much here. With such clear signs, why did it find everyone with their pants down?
Morality of Venny Bonds: the Foreign View
If you're invested in Vennys that mature soon, you're invested in misery. I called some contacts on the Street to find out how they think about this. Mostly, they don't.
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