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Ecuador Yields Surge Above 20% as Oil Rout Boosts Default Risk
Published on March 12, 2020
Ecuador’s dollar bonds have slumped as investors price in a higher probability of default following the crash in crude oil prices. The nation’s dollar bonds due 2028 fell 10.6 cents, to 47.6 cents on the dollar on Monday, sending the yield surging 4.3 percentage points to 22.3%. The extra yield investors demand to hold Ecuadorian […]