Bloomberg.com: Latin America

Bloomberg.com: Latin America

This is a story about Venezuela possibly offering ten year government bonds. There is no ten year debt in Venezuela and the article quotes various people saying that having some sort of yield curve that can plot all maturities would help capital markets in the country. Probably so.

Venezuela is an interesting country. It is very important because of the oil it produces and exports. It also has more than its fair share of problems (real or perceived, take your pick). One thing that surprised me is that there is a government bond that matures in 2027 and it only yields 9.14%. I would have thought something like that would yield in the teens.

For now I have no plans to invest in Venezuela but it is an interesting country, because of the oil. I would not be surprised if it became a more important investment destination in the next ten years.

I try to keep tabs on this sort of thing for the future. Everyone knows about the BRIC countries. I have been writing for a while that I think Pakistan and Viet Nam are the next to join that circle (but I do not know what the acronym would be). Maybe Venezuela after that? There is no need to have it all figured out now but it makes sense to expand what you watch.