The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
Senior Fixed Income Strategist
Summary: Venezuelan bonds have rallied along with risk sentiment in early 2019, and the US' recognition of Juan Guaido as interim president has boosted them further still. The risks remain high, however, as Maduro is still in power and the situation remains unresolved.