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.