This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Ecuador’s dollar bonds were amongst the top gainers, up by over 1 point. This comes after the President Daniel Noboa decided to use his ‘line-item authority’ to raise the permanent VAT (value-added tax) band of 13-15%, in order to curb the budget deficit. The President has an approval rating of 80% and analysts note that an approval of the tax bill in the Assembly could open the path for reaching an agreement with the IMF in the near future.
Its 3.5% 2035s were up 1.1 points to 44.11, yielding 19.8%