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Nov 4, 2013

Squeeze yield from PDVSA: buy 2014, short 2022 debt-Credit Suisse

NEW YORK, Nov 4 (Reuters) – Investors looking to squeeze
more yield out of debt issued by Venezuela’s state-run oil
company, Petroleos de Venezuela (PDVSA), should look to buy
bonds maturing in 2014 and short bonds maturing in 2022, Credit
Suisse said on Monday.

Venezuelan government debt yield spreads have widened
precipitously over the last 3-1/2 years, although they have
stabilized from their worst levels in the first quarter of 2013,
according to JPMorgan data.

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    • About Daniel

      "I'm a New York-based global investment correspondent with over 20 years of experience covering financial markets, business and foreign policy. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught business and economic journalism from Asia, Europe, Latin America and the United States. Prior to joining Reuters I was a producer at CNN Business News in New York."
      Joined Reuters:
      1997
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