Venezuela's bonds rise as traders eye US pressure
NEW YORK, Dec 1 (Reuters) - Venezuela's defaulted sovereign bond prices were indicated up as much as 3.4 cents on the dollar on Monday after U.S. President Donald Trump said on Saturday that airspace over and around Venezuela should be considered "closed in its entirety," without elaborating.
Investors have reacted to any indication that pressure from the United States will force a change in leadership in Venezuela.
Venezuela's 2022 note USP17625AC1=1M was indicated up 3.3 cents at 31.1 cents on the dollar according to MarketAxess data.
Separately, lawyers representing Venezuela, refiner Citgo Petroleum and its parent companies have filed appeals in a U.S. Court of Appeals challenging an order last week that authorized the sale of shares of Citgo's parent, PDV Holding.
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