Venezuelan bonds are posting the biggest rally among major developing nations as investors bet that President Hugo Chavez’s tenure will end soon even if he wins the closest election he’s faced in 14 years. The country’s dollar bonds returned 30 percent this year as Chavez’s battle with cancer slowed his campaign
Lebanese bond yields had their biggest monthly jump in more than three years in July as the revolt in neighboring Syria hobbled tourism, the country’s largest foreign-exchange earner.
Lebanon’s sale of $725 million of Eurobonds last week to refinance debt maturing this month was three times oversubscribed, the finance ministry said in an e- mailed statement today.
During this interview with Bloomberg , Lebanon’s central Bank Governor Riad Salameh said:“Lebanon cannot sustain another conflict. Its economy will suffer. “
Germany, France and the Netherlands plan to buy Greek bonds to help Athens cope with a severe debt crisis, a German member of the European Parliament told Greek television on Saturday.