Ecuador Tragedy Sparks Uneasy Rally in $15 Billion of Bonds

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Ecuador Tragedy Sparks Uneasy Rally in $15 Billion of Bonds

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In the wake of the presidential candidate assassination, Ecuador’s global bonds closed out their best week in a month. Traders expect tragedy aftermath to hinder the chance of socialist candidate.

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Article

Authors

María Elena Vizcaíno
Zijia Song

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Ecuador’s global bonds closed out their best week in a month suggesting that some investors on Wall Street are optimistic that the country's next leader will address the rising crime rate and stabilize the economy.
The rise in the value of Ecuador's global bonds was attributed to investors' belief that the death of Villavicencio, an anti-corruption crusader, made it less likely that Correismo, would return to power.

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Publish date

08

Month
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12

Day
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2023

Year

12

:

00

pm

Publisher

Bloomberg

Topics

Assassination of Fernando Villavicencio
Ecuador

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https://www.bloomberg.com/news/articles/2023-08-12/ecuador-tragedy-sparks-uneasy-rally-in-15-billion-of-bonds#xj4y7vzkg

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Zijia Song

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Journalist

María Elena Vizcaíno

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Journalist

The rise in the value of Ecuador's global bonds was attributed to investors' belief that the death of Villavicencio, an anti-corruption crusader, made it less likely that Correismo, would return to power.

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