Ecuador Defaulted Last Year. Now Its Bonds Are World’s Best – Bloomberg

Ecuador’s Bonds Are World’s Best

Across the world, government bondholders have seen losses pile up this year as a pickup in inflation and economic growth puts central banks under pressure to raise interest rates.

That makes even more remarkable the windfalls seen in Ecuador, a junk-rated South American nation that was mired in recession even before the pandemic and was forced to restructure $17.4 billion of debt last year — a step rating companies considered a default.

MARKETS: Ecuador’s Bonds Are World’s Best

Guillermo Lasso leaves the National Assembly after being inaugurated in Quito on May 24.

Photographer: Johis Alarcon/Bloomberg

The returns on the nation’s bonds have topped 28% this year, more than any other country, according to a Bloomberg Barclays index. It’s the result of a confluence of factors: a steady vaccination campaign, rising oil prices and optimism that the April election victory of President Guillermo Lasso, a former banker, will usher in a wave of market-friendly reforms.

The gains stand in contrast to the experience of investors in other major Latin American countries that have seen political unrest or the rise of left-wing parties amid the economic toll of the pandemic. Neighboring Colombia this year was rocked by bloody protests over the president’s ill-fated tax hike plans. In Chile, a former student protest leader to the far left of the nation’s political spectrum is ahead in the presidential race. And Peru’s markets have been whipsawed as President Pedro Castillo, a former rural schoolteacher from a Marxist party, called for a new constitution and a briefly delayed the appointment of his finance minister. On Friday, Moody’s Investors Service downgraded El Salvador.

Bloomberg always has the latest news and the best of journalism. Read here the full story:

— Read on www.bloomberg.com/news/articles/2021-08-02/ecuador-defaulted-last-year-now-its-bonds-are-the-world-s-best

AmerExperience.com/Business

International Business Consultant

SHARE THIS POST

AmerExperience.com/Business founder MSc Econ Lassi Pensikkala is the creator of hashtag #GoodNewsfromEcuador

Advertisement

How you boost your business?

Use the best business tools and technology to achieve top results

100s Amazon Bestsellers - AmerExperience.com Selection Travel Golf Business Fashion Health

100 BESTSELLERS -🇺🇸 USA Business Products on Amazon

---

What do you get? - The best products from the international online market. Picks from millions of items that fit our customer's desires and needs. You get ready Ideas, You Save Time and Money.

This website contains links and affiliate links to other websites (as an affiliate partner we get commissions paid for the sales made by these websites). Some of those websites may be operated by third parties. As Amazon Associate, we earn from qualifying purchases.

Criacr Phone Camera Lens, 0.4X Wide Angle Lens, 180 Fisheye and 10X Macro Lens (Screwed Together), Clip on Cell Phone Lens Compatible with iPhone, Smartphones, Gifts Ideal

(4789)

$15.99 (as of November 28, 2023 19:29 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

Waitiee - Cargador inalámbrico 3 en 1, estación de carga rápida de 15 W para Apple iWatch SE/6/5/4/3/2/1, AirPods Pro, compatible con iPhone 13/12/12 Pro Max/11 Series/XS Max/XR/XS/X/8/8 Plus/Samsung Galaxy (Negro)

(61514)

$39.99 $29.99

【3 in 1 wireless charger station for apple】: At WAITIEE, a world without cords awaits you! The wireless charger station can charge your phone, Watch and AirPods at the same time,wireless charger station is ideal for Apple AirPods 1/2/3/AirPods Pro, f... read more

(as of November 28, 2023 19:30 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

HyperX SoloCast - Micrófono de condensador USB para juegos, para PC, PS4, PS5 y Mac, sensor de toque para silenciar, patrón polar cardioide, ideal para transmisión, podcasts, Twitch, YouTube, Discord, negro

(14837)

$59.99 $39.97

Plug N Play audio recording with USB-C connection: Get quality audio recordings with this easy-to-use USB condenser microphone. The cardioid polar pattern is most sensitive to sound sources in front of the microphone, and reduces background noise. Hi... read more

(as of November 28, 2023 19:30 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

Logitech Cámara web Brio 101 Full HD 1080p hecha para reuniones y trabajos para transmisión: equilibrio de luz automático, micrófono integrado, obturador de privacidad, USB-A, para equipos de Microsoft, Google Meet, Zoom y más, color negro

(19190)

$39.99

Full Clarity: Look clearer in video calls with Full HD 1080p resolution Auto-Light Balance: RightLight boosts brightness by up to 50%, reducing shadows so you look your best—compared to previous-generation Logitech webcams (1) Privacy with a Slide: T... read more

(as of November 28, 2023 19:30 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

Upgraded 3 in 1 Phone Camera Lens kit-198° Fisheye Lens + Macro Lens + 120° Wide Angle Lens,Clip on Cell Phone Lens Kit Compatible with iPhone Samsung Android Smartphones

(3493)

$17.99

【Premium Quality】 : Unlike cheaper phone lens, the phone Lens kit is designed with industrial grade aluminum along with premium optic lenses, so you can capture shots with amazing clarity and detail while being confident knowing they’ll last. 【3 in 1... read more

(as of November 28, 2023 19:29 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

Altavoces de computadora, altavoces de escritorio con 6 luces RGB coloridas, control de volumen, altavoces estéreo de bajo para PC, altavoces de subwoofer alimentados por USB con cable auxiliar de 0.138 in para PC, monitor, portátil, tableta, teléfono

(524)

$26.88 $17.50

✅【Full-Range Stereo Sound Quality】Equipped with advanced sound drivers and a full-range 2.0 channel reinforced stereo core, this computer speakers provides the perfect atmosphere for your entertainment activities such as watching movies, gaming, and ... read more

(as of November 28, 2023 19:30 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

Estación de carga inalámbrica 3 en 1 para Apple Watch y iPhone 15, soporte de cargador de viaje plegable magnético de 18 W para iPhone 15 / Pro Max Plus 14 13 12 y Apple Watch Series 9 / Utra 1, 2 / Airpods

(5170)

$39.99

【3 in 1 Wireless Charger 】: The 3 in 1 Wireless Charging Station with MagSafe Charger for Apple Devices is a great option to organize your home, office, or meeting room. It lets you say goodbye to tangled cords and messy cables, keeping your space ne... read more

(as of November 28, 2023 19:30 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

Phone Camera Lens Kit 7 in 1, Selvim 22X Telephoto Lens+235 Fisheye Lens+25X Macro Lens+0.62X Wide Angle Lens, Cell Phone Lens Kits Compatible with iPhone 12 11 10 8 7 6 6s Plus XS XR Samsung Android

(1568)

$39.99

TOP QUALITY MANUFACTURE: Compared to other cheap plastic phone lens, we use high-quality Blu-ray lenses to improve the optical path, thus increasing the performance of lens to process images. 10-layer green coating on both sides of phone lens greatly... read more

(as of November 28, 2023 19:30 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

Redragon GS550 - Altavoces para juegos de PC, barra de sonido de computadora de escritorio de 2.0 canales con tamaño maniobrable compacto, conector para auriculares, graves de calidad y retroiluminación roja decente, alimentado por USB con cable de 0.138 in

(4863)

$46.99 $29.99

Move Out, Shapeshifter - The maneuverable compact size of GS550 makes sure you are enchanted deeply at the first look. Whether it’s standing individually on each side of the monitor, or lying merged together underneath, you’ll love it in both ways. 2... read more

(as of November 28, 2023 19:30 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

INIU Cargador inalámbrico, estación de carga inalámbrica rápida de 15 W con luz adaptable para dormir compatible con iPhone 15, 14, 13, 12, Pro, XR, XS, 8, Plus, Samsung Galaxy S23, S22, S21, S20, Note 20, 10, Google, etc

(15791)

$26.98 $15.98

✅【From INIU--the SAFE Fast Charge Pro】 Experience the safest charging with over 38 million global users. At INIU, we use only the highest-grade materials, so we do have the confidence to provide an industry-leading 3 years warranty. ✅【Save Up to 45 m... read more

(as of November 29, 2023 02:51 GMT -05:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)