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Bond Market News

Ecuador Bonds Rally 2-5 points on Buyback Rumors

Dollar bonds of Ecuador were higher by over 2-5 points on news that the government may buyback its bonds. The news comes after Finance minister Pablo Arosemena said last week in a private event that the nation may fund a buyback of some of its outstanding debt by issuing blue bonds. However, the information has not been made public yet and was reported by sources. The Finance Ministry has also not formally commented on the plans.

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