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Venezuela’s 10Y Sov Yield Soars To 32.43%, A New Record High (Worse Than Greece In 2012)

This is a syndicated repost courtesy of Snake Hole Lounge. To view original, click here. Reposted with permission.

Venezuela has gut-wrenching inflation and skyrocketing sovereign yields. Here is the deterioration of the Bolivar (their currency) since 2013 when Nicolas Maduro was elected as their President.

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As of today, Venezuela’s 10 year sovereign yield hit 32.43%. That is even higher than the Greek 10 year sovereign yield at the height of the Greek default crisis of 30.25% in 2012.

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Ever since President Nicolas Maduro was selected, Venezuela’s sovereign yield curve has gone from steeply upward sloping to steeply downward sloping. And their sovereign curve has shortened.

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Staggering inflation and record high soveign yields. Maduro is even worse than his precessor Hugo Chavez.

Here is a photo of Maduro relieving himself from indigestion caused by his insane economic and monetary policies.

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