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Ecuador’s dollar bonds fell by over 2 points, continuing their trend lower since the outcome of the election vote. The bond slump intensified after the current President Daniel Noboa replaced his finance minister. With less than 25,000 votes separating the two candidates, analysts expect volatility ahead of the April runoff. The rise of his challenger Luisa González, has seen some bondholders raise concerns about Ecuador’s ability to meet its financial obligations. This includes a $1.5bn funding gap and a looming bond amortization schedule.
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