Page 6 - Patrick Esteruelas News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Fixes typo in paragraph 8 to say trillion, not billion) FILE PHOTO: Mexico's President Andres Manuel Lopez Obrador gestures as he speaks during a news conference at the National Palace, in Mexico City, Mexico, March 24, 2021. REUTERS/Edgard Garrido/File Photo NEW YORK (Reuters) -When a left wing populist and a far-right lawmaker rose to power in Latin America’s two largest economies, investors thought they knew who was going to show them the money. But more than two years and a costly pandemic later, disillusioned investors are now busy shifting from a Brazil that once promised compelling ...

Pimco, Emso Detect Default Risk Mispricing in Pemex’s Bonds Bloomberg 2/19/2021 Justin Villamil and Amy Stillman (Bloomberg) -- In financial markets awash with so much cash that junk bonds can yield less than 2%, the state-owned oil giant Petroleos Mexicanos is a jarring outlier. Popular Searches At 5.4%, the yield on the company’s benchmark bonds is not only well above that of similarly rated debt, it’s also almost four percentage points higher than the rate investors demand to buy Mexican government bonds. That gap -- known as the sovereign to quasi-sovereign spread ...

In financial markets awash with so much cash that junk bonds can yield less than 2%, the state-owned oil giant Petroleos Mexicanos is a jarring outlier.

Pimco, Emso Detect Default Risk Mispricing in Pemex’s Bonds Bloomberg 2/19/2021 Justin Villamil and Amy Stillman (Bloomberg) -- In financial markets awash with so much cash that junk bonds can yield less than 2%, the state-owned oil giant Petroleos Mexicanos is a jarring outlier. Popular Searches At 5.4%, the yield on the company’s benchmark bonds is not only well above that of similarly rated debt, it’s also almost four percentage points higher than the rate investors demand to buy Mexican government bonds. That gap -- known as the sovereign to quasi-sovereign spread ...

NEW YORK — Six months after a swift and smooth restructuring, Ecuador’s sovereign bonds are being pummeled by fears that Sunday’s election outcome could derail…