IKN

Thy sin’s not accidental

Ecuador bonds: I repeat

Ecuador will not default. Watch out for Correa’s weekly address tomorrow.

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Ecuador’s Yields Soar Over 100% as Correa May Miss Bond Payment

By Lester Pimentel and Daniel Cancel

Nov. 14 (Bloomberg) — Ecuador’s bonds tumbled, pushing yields above 100 percent, after Finance Minister Maria Elsa Viteri said the government may miss a $30 million interest payment tomorrow.

A group of legal advisers will make a recommendation to President Rafael Correa on how to proceed with the interest payment, Viteri said at a news conference yada yada continues here

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