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REUTERS/Leonardo Fernandez Viloria/File Photo Acquire Licensing RightsNEW YORK/CARACAS, Oct 19 (Reuters) - Venezuela's sovereign bonds rallied on Thursday, a day after the United States lifted its ban on secondary market trading of some of the country's eurobonds, with investors eyeing a debt restructuring on some $60 billion of defaulted debt. "Prices have almost doubled in the past 24 hours but are still well below the pre-sanctioned levels," said Edward Cowen, CEO of Winterbrook Capital, who has co-invested in a fund to buy Venezuelan debt. Cowen added that a return to Venezuela's regular weighting on global indexes like JPMorgan's would give the prices further support. "I think the market was caught by surprise as the ban on secondary trading of bonds was not expected to be removed this early in the negotiation," said Armando Armenta, senior economist for global economic research at AllianceBernstein. Small funds and investors outside the United States had looked to increase their exposure to Venezuelan bonds on the expectation of debt renegotiations.

Persons: Leonardo Fernandez Viloria, PDVSA, Edward Cowen, Cowen, Armando Armenta, Maria Corina Machado, Rodrigo Campos, Mayela, Marc Jones, Corina Rodriguez, Christina Fincher, Will Dunham Organizations: REUTERS, South, Winterbrook, U.S . Treasury Department, Petroleum, Venezuelan, U.S . State Department, Mayela Armas, Thomson Locations: Bolivar, Caracas, Venezuela, CARACAS, United States, South American, U.S, Venezuela's, Venezuelan, New York, London, Madrid

☆ BMO promotes Alan Tannenbaum to head capital markets division
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

A Bank of Montreal (BMO) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. Tannenbaum joined BMO in 2010 and has held multiple leadership roles, most recently leading global investment and corporate banking, where he worked with corporate, government and financial sponsor clients worldwide. Before then, he headed the global corporate finance solutions group, where he was responsible for capital raising activities. CEO Darryl White said Tannenbaum is "well-positioned to capture new growth opportunities" for BMO Capital Markets. Brad Chapin will take over for Tannenbaum as global head, investment and corporate banking on an interim basis, BMO said.

Persons: Chris Wattie, Alan Tannenbaum, Dan Barclay, Tannenbaum, Darryl White, Barclay, White, Brad Chapin, Nivedita Balu, Jonathan Oatis Organizations: of Montreal, BMO, REUTERS, Companies Bank of Montreal, Bank of Montreal, BMO Capital Markets, Lehman Brothers, Thomson Locations: Ottawa , Ontario, Canada, TORONTO, London, New York, Toronto

While most traders are waiting on the sidelines, anxious about the election and unsure of libertarian frontrunner Javier Milei, some daring bond investors are moving in. "There has been a lot of pain from being invested in Argentina over the past decade," Reed said. Rob Citrone, founder of U.S.-based hedge fund Discovery Capital Management, said Argentina presented one of the best opportunities in emerging markets. The depressed values offer another reason to be bullish on Argentina's debt, said Thomas Haugaard, a portfolio manager on the emerging markets debt hard currency team at Janus Henderson Investments in Copenhagen. Armando Armenta, an analyst for Latin American fixed-income and currency markets at AllianceBernstein in New York, said it was a mixed picture.

Persons: Javier Milei, Cristina Sille, Milei, Patricia Bullrich, Sergio Massa, Christine Reed, Reed, Bullrich, Mauricio Macri's, Massa, Rob Citrone, Cristina Fernandez de Kirchner, Fernandez de Kirchner, Thomas Haugaard, Janus Henderson, Haugaard, Morgan Stanley, Armando Armenta, Milei's, Rodrigo Campos, Carolina Mandl, Adam Jourdan, Paul Simao Organizations: Argentine, REUTERS, Peronist, International Monetary Fund, U.S, Discovery Capital Management, Reuters Graphics Reuters, BancTrust, Reuters, Janus, Janus Henderson Investments, Thomson Locations: Buenos Aires, Argentina, New York, Ghana, Sri Lanka, Copenhagen, Congress, AllianceBernstein

☆ So long, computer science — Chaos Studies is the hot new college degree
▼ + stars: | 2023-10-05 | by ( Tiffany Ng | ) www.businessinsider.com time to read: +12 min

"I remember joking about majoring in puzzles as a kid, never imagining that such a thing was possible until my mom discovered the individualized major program," Shortz said. Between 2019 and 2021, there was a 3% increase in the number of students graduating with individualized studies degrees. With majors like Chaos, Human Computer Interaction, and Architecture and Food Theory, students aren't just crafting these degrees for fun. In 2020, RIT renamed its individualized major the New Economy major and highlighted the need for students to "adapt to evolving career fields." Adopting a rather divergent approach to the same goal, New York University's Gallatin School of Individualized Studies frames its approach as honing the "management of knowledge."

Persons: Will Shortz, Shortz, — Shortz, He's, we're, Oluwaseyi Onifade, Onifade, James Hall, they're, Makini Beck, SOIS, he's, Ben Papernick, Papernick, haven't, Peter Rajsingh, Gallatin, Kahrej Ahluwalia, Ahluwalia, Rajsingh, Tiffany Ng Organizations: Dell, Indiana University, The New York Times, National Center for Education Statistics, Rochester Institution of Technology, Oluwaseyi, RIT's, Society, Jobs, RIT, Genesee Community College, Applied, University of Texas, Austin, University of Southern, New York University's Gallatin School, Baseball, Gallatin, Schools, NYU Locations: RIT's, Western New York, University of Southern California, New York, Gallatin

☆ Nobel Prize in chemistry awarded for discovery of quantum dots that changed everything from TV displays to cancer imaging
▼ + stars: | 2023-10-04 | by ( Christian Edwards Katie Hunt Ed Upright | Christian Edwards | Katie Hunt | ) edition.cnn.com time to read: +7 min

CNN —The 2023 Nobel Prize in chemistry has been awarded to a trio of scientists who worked to discover and develop quantum dots, used in LED lights and TV screens, as well as by surgeons when removing cancer tissue. Heiner Linke, a member of the chemistry committee, explained at the announcement ceremony what made the laureates’ work so revolutionary. “The core thing about quantum dots is that, just by changing their size… you change their properties, for example their color. France-born Bawendi, got an early morning call from Stockholm breaking the news that he is one of the 2023 chemistry laureates. The Nobel committee explained how the scientists’ work had helped develop quantum dots.

Persons: Bawendi, Louis Brus, Alexei Ekimov, ”, Johan Aqvist, Heiner Linke, ” Linke, Ekimov, Moungi Bawendi, —, Brus, Jonathan Nackstrand, Judith Giordan, ” Giordan, Aqvist, “, ” Hans Ellegren Organizations: CNN, Stockholm, Massachusetts Institute of Technology, Columbia University, Nanocrystals Technology Inc, MIT, Royal Swedish Academy of Sciences, Getty, American Chemical Society, Swedish Academy of Sciences, Reuters Locations: Brus, New York, France, Stockholm, AFP

Production of the chocolate-making ingredient is expanding outside of the main growing area in West Africa as farmers in places such Brazil, Ecuador and Colombia see potential profit in the crop. The rally in prices to the highest level in nearly 50 years is boosting that trend, which could alleviate the current supply tightness in the global cocoa market. The country was once the second only to Ivory Coast in cocoa production, but a devastating fungus in the 1980's known as Witches' Broom sharply reduced production. "I believe that the new profile of cocoa production will be large-scale," said Moises Schmidt, one of the owners. "If you plant cocoa trees there (Amazon region), it is considered reforestation," said Douglas.

Persons: Schmidt Agricola, Moises Almeida Schmidt, Handout, Moises Schmidt, Jeroen Douglas, Douglas, Jose Garcia, IFAD's, Alvaro Lario, Marcelo Teixeira, Maytaal Angel, Simon Webb, Anna Driver Organizations: REUTERS, International Cocoa Organization, Reuters Graphics, Ivory, UN's, Fund for Agricultural Development, Thomson Locations: Bahia, Brazil, West Africa, Ecuador, Colombia, Africa, South America, Ivory, Ghana, Ivory Coast, Asia, United States, Europe, Guayaquil, Para, Netherlands, Medicilandia, New York, London

The financial services trade group said in a report that global debt in dollar terms had risen by $10 trillion in the first half of 2023 and by $100 trillion over the past decade. It said the latest increase has lifted the global debt-to-GDP ratio for a second straight quarter to 336%. Prior to 2023, the debt ratio had been declining for seven quarters. Slower growth, alongside a deceleration in price increases, were behind the debt ratio rise, the report said. "As higher rates and higher debt levels push government interest expenses higher, domestic debt strains are set to increase," the IIF said.

Persons: Florence Lo, Rodrigo Campos, Karin Strohecker, Alexander Smith Organizations: U.S, REUTERS, Institute of International Finance, Reuters, Federal, Thomson Locations: United States, Japan, Britain, France, China, India, Brazil, Korea, Thailand, U.S

An investor looks at an electronic board showing stock information at a brokerage house in Shanghai, China July 6, 2018. A monthly report from the Institute of International Finance showed non-residents funneled $14.9 billion out of China stocks, the largest monthly outflow on records back to 2015, while Chinese debt saw $5.1 billion in outflows. The broad MSCI stock and currency emerging market indexes posted in August their largest monthly drops since February. Equities fell across all geographical regions while debt posted inflows in Asia, Latam and emerging Europe. Year-to-date numbers through August show a $13.1 billion outflow from China while emerging markets ex-China has seen $139.5 billion in non-resident portfolio inflows.

Persons: Aly, Jonathan Fortun, Fortun, Rodrigo Campos, Chizu Organizations: REUTERS, China, EMs, Institute of International Finance, China's, Reuters Graphics Equity, Emerging, Thomson Locations: Shanghai, China, outflows, Emerging Asia, Latin, Africa, Middle East, Asia, Europe

☆ Goodbye Summer: Photographs and Poetry on Love and Loss - The New York Times
▼ + stars: | 2023-09-13 | by ( Mary Manning | Brian Turner | ) www.nytimes.com time to read: 1 min

Mary Manning is a photographer based in New York. Their work draws attention to modest but remarkable moments. “Grace Is Like New Music,” a book of recent works, was published this year. Brian Turner is the author of the new poetry books “The Wild Delight of Wild Things,” “The Goodbye World Poem” and “The Dead Peasant’s Handbook,” from which this work was derived. Design and development by Rebecca Chew and Ana Becker.

Persons: Mary Manning, “ Grace, ”, Brian Turner, Peter Catapano, Rebecca Chew, Ana Becker Organizations: New Locations: New York

El Salvador's President Nayib Bukele speaks during a ceremony to lay the first stone of a new public hospital, in San Salvador, El Salvador June 15, 2023. El Salvador's debt repurchases last year and a still-light payments calendar were behind a rally that shrank the premium to hold Salvadoran government debt (.JPMEGDELSR) from above 3,200 basis points in July last year to about 1,000 a year later. Katrina Butt, a senior economist at AllianceBernstein, said that even as the size of the investment is yet to be made public, "Google Cloud's announcement could significantly improve macro fundamentals in El Salvador over time". "Though outperformance of El Salvador has been impressive we think the carry is still attractive given the low default risk." BNP's Marshik said the next leg of the rally could come from good news on El Salvador's relationship with the International Monetary Fund - where the United States is the largest shareholder.

Persons: Nayib Bukele, Jose Cabezas, Nathalie Marshik, Katrina Butt, Shamaila Khan, BNP's Marshik, Siobhan Morden, Rodrigo Campos, Nelson Renteria, Angus MacSwn Organizations: El, San Salvador , El, REUTERS, SALVADOR, Reuters, BNP Paribas, Google, United States, U.S . Embassy, Peace Corps, Central American, U.S, Asia Pacific, UBS Asset Management, International Monetary, IMF, Santander US Capital Markets, Thomson Locations: San Salvador ,, San Salvador , El Salvador, El Salvador, America, Peace, El Salvador's, Asia, United States

☆ He Wanted His Texas Home to Resemble a ‘Groovy’ Opium Den
▼ + stars: | 2023-09-05 | by ( Tim Mckeough | ) www.nytimes.com time to read: 1 min

When Kirk Ferguson asked Sara Story to design the interiors of his new house in Austin, Texas, his request was unlike any she had heard before. “He wanted something like an opium den,” said Ms. Story, who spent much of her childhood in Texas but is now based in New York. “He really wanted a place with a ’70s vibe, and groovy.”Mr. Ferguson and Ms. Story had been friends for years, and after talking more about what the house could become, they arrived at a design concept. “It sounds a little silly,” said Mr. Ferguson, 55. “But it was Lenny Kravitz meets Italian ’60s meets ‘Once Upon a Time … in Hollywood.’”

Persons: Kirk Ferguson, Sara, “, ”, Mr, Ferguson, Lenny Kravitz, ’ Organizations: Italian Locations: Austin , Texas, Texas, New York, Hollywood

☆ Anger gets a bad rap, but it can be an asset, experts say. Here’s what to do with it
▼ + stars: | 2023-08-31 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +6 min

It might be an unpleasant emotion to experience, and it might be culturally discouraged, but we need anger, she added. While many people may feel the need to resist or hide their anger, these mental health experts are urging the opposite. Anger, they say, is an important tool we should better learn to wield in a kind, healthy and productive way. That is often tied to rage — not anger, Ashway said. But in those cases, “we’re talking about the outcome of unprocessed anger, not anger in and of itself.”Rage, she said, is old, unprocessed anger.

Persons: CNN —, wrathful, ”, Brett Ford, Jaime Mahler, “, Ford, ” Ford, Deborah Ashway, ” Ashway, “ Anger, ‘ something’s, Mahler, Ashway, it’s, ” Mahler, that’s Organizations: CNN, University of Toronto, Toxic Locations: New York, New Bern , North Carolina

Below are five charts showing what's been moved and/or shaken:1/SHOCK FOR THE STOCKSMSCI's 24-country emerging markets (EM) stocks index (.MSCIEF) is down 6% this month. It is still up for the year, though well below the 13.5% gain this year for MSCI's main global index, which has benefited from a boom in U.S. "mega-cap" stocks. "The markets that have underperformed are the lower-yielding markets like Asia," Mike Arno, a portfolio manager at Brandywine Global, said. "The market doesn't seem to think that China is a major threat," said Aegon Asset Management's head of EM debt, Jeff Grills. Reuters Graphics5/OUT OF AFRICAThe other big trouble spot has been Africa, where debt markets have seen a sharp pullback.

Persons: Jason Lee, what's, Tayyip Erdogan's, Katherine Marney, Mike Arno, Jeff, Erdogan, Van Eck's, Eric Fine, Viktor Szabo, Szabo, Marc Jones, Rodrigo Campos, Alex Richardson Organizations: REUTERS, Reuters, JPMorgan, Brandywine, FX, HK, EMBI, abrdn, Thomson Locations: Beijing, China, Africa, MIWD00000PUS, Hungary, America, Brazil, Argentina, Asia, TURKEY, Gabon, Niger, JPMorgan's Africa, London, New York

☆ I'm a personal finance expert. These are the most common mistakes car buyers make.
▼ + stars: | 2023-08-30 | by ( Alexa St. John | ) www.businessinsider.com time to read: +6 min

Stefanie O'Connell Rodriguez is personal finance expert with some tips for car buyers. I don't think we're in a pre-COVID market yet, but the data shows us it is getting a little bit better slowly. Car buyers should factor maintenance into their total cost of vehicle ownership. Reuters/Umit BektasThere are unexpected expenses with car ownership — but there's also a lot you can predictThat's especially true if you're doing your research in advance. If you're going to be financing, think about doing your due diligence even further of comparing the cost of ownership of different vehicles.

Persons: Stefanie O'Connell Rodriguez, Here's O'Connell, O'Connell Rodriguez, Kelly, there's, Joshua Lott, Mario Tama Organizations: Morning, Bloomberg, Newsweek, USA, Dealers, Reuters Locations: New York

☆ Alyssa Lukpat — Reporter at The Wall Street Journal
▼ + stars: | 2023-08-24 | by ( Alyssa Lukpat | ) www.wsj.com time to read: 1 min

Alyssa LukpatAlyssa Lukpat is a breaking news reporter for The Wall Street Journal based in New York. She was previously a fellow at The New York Times, where she covered breaking news. Alyssa graduated from Northeastern University and Columbia Journalism School.

Persons: Alyssa Lukpat Alyssa Lukpat, Alyssa Organizations: Wall, Journal, The New York Times, Northeastern University, Columbia Journalism School Locations: New York

☆ James Rundle — Reporter at The Wall Street Journal
▼ + stars: | 2023-08-17 | by ( James Rundle | ) www.wsj.com time to read: 1 min

James RundleJames Rundle is a reporter covering the cybersecurity industry, national cyber policy and privacy for The Wall Street Journal. His stories often focus on the people behind the headlines, such as those who respond to cyberattacks, the lawmakers defining a new era of rules for companies, and those who fall victim to criminals and nation-states. He writes frequently about the evolving industries involved in cybersecurity, including the technology companies use to defend against hackers, the insurance they buy to protect themselves, and the money involved in all of it. James joined the Journal in 2019, after covering financial regulation, markets and technology for over a decade for Dow Jones & Co. and other publishers. Originally from London, U.K., he is now based in New York.

Persons: James Rundle James Rundle, James Organizations: Wall Street, Dow Jones & Co Locations: London, New York

REUTERS/Agustin Marcarian/Illustration/File PhotoNEW YORK, Aug 15 (Reuters) - Investors in Argentina's financial markets, where bonds and the peso slid on Monday after central bank moves following a surprise primary election result, said the vote had a silver lining: it would likely hasten long-called-for economic reforms. The result initially introduced uncertainty into asset pricing, with traders selling stocks and dollar bonds - but prices later stabilized and the local stock market closed over 3% higher. Investors said this would outweigh any worries about Milei, despite some of his heterodox pledges, including to axe the central bank and dollarize the economy. Milei faces a significant challenge still to turn the primary election win into a successful run to the presidency. The central bank also increased the benchmark interest rate to 118% from 97%.

Persons: Agustin Marcarian, Javier Milei, Patricia Bullrich, Milei, Kimberley Sperrfechter, Sergio Massa, Cristina Fernandez de Kirchner, Milei's, Walter Stoeppelwerth, Shamaila Khan, Rowe Price, Samy Muaddi, Rodrigo Campos, Adam Jourdan, Rosalba O'Brien Organizations: Argentine, REUTERS, Economics, Kimberley, Peronist, Investors, Gletir SA, Emerging Markets, Asia Pacific, UBS Asset Management, Jorgelina, Thomson Locations: Argentina, Argentine, MERV, Rosario

☆ Dating app Hinge is hiring a VP of artificial intelligence who could earn up to $398,000 a year
▼ + stars: | 2023-08-14 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Hinge is hiring a VP of artificial intelligence to oversee the app's AI strategy. The job listing comes as dating apps integrate AI into their platforms to help users find matches. Dating app Hinge is on a quest to become an "AI-First company" — and leading the charge will be an AI executive who could earn up to $398,000 a year. In addition to hiring a VP, Hinge is looking for a senior engineering manager for its AI platform, who could earn up to $263,000 a year. Some dating app users are taking matters into their own hands and using AI tools like ChatGPT to generate their profile bios and conversation starters — though the results haven't always been happily ever after.

Persons: Ben Celebicic Organizations: Morning, Match Group Locations: New York

☆ I'm an AI prompt engineer. Here are 3 ways I use ChatGPT to get the best results.
▼ + stars: | 2023-08-12 | by ( Aaron Mok | ) www.businessinsider.com time to read: +6 min

Anna Bernstein is a prompt engineer at Copy.ai, which makes AI tools to generate written content. Her job is to write prompts to train the bot to generate high-quality, accurate writing. Here are her tips on how to write prompts to get the best outcomes from AI chatbots. Now, I'm a prompt engineer helping to optimize the most cutting-edge technology in the world. It's my job, then, to write prompts that can get that query to generate the best output through:Instruction, or "write a product description about this."

Persons: Anna Bernstein, —, I'm, it's, I've, didn't, ChatGPT Organizations: Morning, Copy.ai Locations: New York, English

☆ Soft landing vs. mild recession: What advisors are telling their clients about the economy
▼ + stars: | 2023-08-08 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

These shifts have sparked conversations among financial advisors and their clients, who may have varying levels of optimism about the country's economic outlook. Of course, with recessions notoriously difficult to predict, even for economists, advisors have warned clients about making fear-based investing decisions. Recession 'highly unlikely' in the next 12 monthsOne definition of a U.S. recession is two consecutive quarters of negative gross domestic product, or GDP, which happened during the first two quarters of 2022. 'We constantly educate our clients'Whether the economy is heading for a mild recession or soft landing, experts emphasize the need for ongoing client education. "We constantly educate our clients and make them prepared for whatever the world's going to throw their way," she added.

Persons: buzzword, Douglas Boneparth, Boneparth, Ted Jenkin, Jenkin, Carolyn McClanahan Organizations: Federal Reserve, Bone, CNBC's, U.S . Bureau of Labor Statistics, U.S . Labor Department, National Bureau of Economic Research, CNBC's FA, Planning Partners Locations: U.S, New York, Atlanta, CNBC's, Jacksonville , Florida

THE REVIEWUnder the terms of the $44 billion program agreed in 2022, the funds are released in tranches based on regular reviews of steps Argentina takes to shore up its economy. The IMF did not respond to a request for comment on the likelihood of a board meeting soon to discuss the Argentina program. Argentina made the last IMF payment due end-June partially with its holdings of IMF special-drawing rights (SDRs), but analysts calculated that this has wiped out the country's $1.65 billion in IMF reserve assets. Argentina used $1.1 billion in yuan from a recently extended and expanded swap line with China to complete the June payment to the IMF. Reuters GraphicsFALLING INTO ARREARSMissing payments would automatically put Argentina in default with the IMF because there is no grace period with the multilateral lender.

Persons: Goldman Sachs, Sergio Massa, Gordian Kemen, Kemen, Gross, Jorgelina, Rosario, Rodrigo Campos, Karin Strohecker, Tomasz Janowski Organizations: International Monetary Fund, IMF, Standard Chartered Bank, Reuters, Thomson Locations: Argentina, Buenos Aires, Beijing, China

If it cannot secure fresh funds before an approaching deadline, Argentina risks defaulting on repayments to the IMF. Analysts say the central aim of these economic adjustments is to signal to the IMF that Buenos Aires is committed to the program. The left-wing administration has been locked in negotiations with the IMF for months over whether to front-load tranches of the $44 billion program. Both parties said on Sunday that an agreement on the fifth IMF review was close, but not yet finalized. Reporting by Lucinda Elliott in Montevideo, Anna-Catherine Brigida in Buenos Aires, Rodrigo Campos in New York.

Persons: Sergio Massa, Eduardo Levy Yeyati, Eyeing, Marina dal, EcoGo, Alejo Czerwonko, Yeyati, Lucinda Elliott, Catherine Brigida, Rodrigo Campos, Jorgelina de, Karin Strohecker, Catherine Evans Organizations: International Monetary Fund, Economy, Peronist, IMF, Reuters, Emerging, UBS, Analysts, Thomson Locations: BUENOS AIRES, Buenos Aires, Argentina, refinance, Washington, Beijing, Montevideo, Anna, New York, Jorgelina de Rosario, London

☆ Opinion | Barbara Kingsolver Thinks Urban Liberals Have It All Wrong on Appalachia
▼ + stars: | 2023-07-21 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +58 min

It’s like there’s no point in asking who started this because it’s a really, really old antagonism. I think that’s probably what’s most critical right now is that all of our entertainment, our news media, it’s all made in cities. And he’s really pretty horrible, and he doesn’t feed them enough, and that’s really sad. You’re going to have a flat tire, and the guy that pulls up to help you is going to tell your dad within minutes. It’s not like most books you’re going to see.

Persons: Ezra Klein, ezra klein, —, Hernan Diaz, Barbara Kingsolver, “ David Copperfield ”, Dickens, It’s, barbara kingsolver, you’ve, ezra klein We’re, Nobody, I’d, I’ve, Bobby Ann Mason’s, “, — Wendell Berry, Robert Penn Warren, James Still, Harriette, Taylor Greer, you’re, George Washington, ” he’s, — he’s, he’s, I’ll, They’re, George W, Bush, they’re, barbara kingsolver You’re, we’ve, That’s, that’s, I’m, ” barbara kingsolver, barbara kingsolver Oh, barbara kingsolver ezra klein barbara kingsolver, ezra klein Yes, we’re, Charles Dickens, “ David Copperfield, ”, Tommy, ” It’s, ezra klein There’s, barbara kingsolver There’s, Tommy Traddles, Tommy Waddles, who’s, He’s, We’re, Tommy’s, she’s, it’s, Beth Macy, overdosed, ” ezra klein, There’s, grandkids, they’ve, Dori, doesn’t, Peggot, Frances Goldin, Arwen Donahue, She’s, Beth Macy’s, Lazarus, Laline Paull, ezra klein Barbara Kingsolver Organizations: New York, Fiction, Trump, Nicholas County High School, DePauw University, Walmart, The New York Times, . Times, New York Times, Farmers, “, Knoxville —, Purdue Pharma, Purdue, aha, Scots Locations: Appalachia, It’s, Georgia, Tennessee, North Carolina, Virginia, Kentucky, West Virginia, Pennsylvania, U.S, exploitations, Congo, Caribbean, Indiana, Nicholas, Arizona, Europe, Tucson , Arizona, Tucson, Paris, Athens, France, “ Shiloh, MAGA, America, Brazil, Eastern Europe, There’s, California, New York, “, Tommy, Pennington, Knoxville, there’s, nove, Lee County, that’s Lee County, that’s, United States of America, who’s, New York City

Rising tensions between Washington and President Nayib Bukele's government, dwindling prospects of a financing deal with the International Monetary Fund (IMF) and the fallout from bitcoin becoming legal tender against a wider difficult macro backdrop had seen El Salvador bonds drop to a quarter of face value last July. "In the summer of 2022, El Salvador bond prices were divorced from fundamentals," said Aaron Stern, managing partner and chief investment officer at Converium Capital in Toronto, who has been holding the country's bonds since last year. "The market was concerned about the administration's willingness to pay," he said, but even now El Salvador offers attractive value when compared to a number of better priced emerging market sovereigns. These were the best performing among sovereign bonds in the first half of the year, with total returns near 60%. "In a year where carry is the main driver of total returns, investors are going to be reticent to take profits too early," said BNP Paribas' Nathalie Marshik, a managing director for Latin America fixed income.

Persons: Nayib Bukele's, buybacks, Aaron Stern, Alejandro Werner, Bukele, there's, Shamaila Khan, Nathalie Marshik, Marshik, Rodrigo Campos, Karin Strohecker, William Maclean Organizations: YORK, Central, International Monetary Fund, El, IMF, Converium Capital, Reuters, Emerging Markets, Asia Pacific, UBS Asset Management, Reuters Graphics JPMorgan, Thomson Locations: El Salvador, Central American, Washington, Toronto, it's, America

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