Bolivia's bonds just surged 200% - here's why smart money is suddenly paying attention
Key Points
- Bolivia's dollar bonds have surged to a two-year high amid e...
Bolivia's dollar bonds just hit their highest levels in over two years, and it only took the country nearly going broke to get there. Sometimes the best investment opportunities come disguised as complete disasters - and Bolivia's been serving up disaster with a side of hyperinflation for quite some time now.
The August 17 elections basically told the Movement for Socialism (MAS) party "thanks, but no thanks" after nearly two decades in power. When your approval rating drops to 10% and inflation hits 23% - the highest in four decades - voters tend to get a bit cranky about your economic manag...
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