Ecuador bond prices leap up after elections

Ecuador bond prices leap up after elections

Economy & Policy Ecuador Peru Capital Markets Asset Management

Ecuador's sovereign bond prices leapt on Monday after career banker Guillermo Lasso unexpectedly defeated the leftist candidate Andrés Arauz in presidential elections on Sunday. Lasso won 52% of the votes in a run-off election as voters opposed to Arauz's Citizen Revolution Movement, led by former President Rafael Correa, joined forces at the polls. Lasso won 19.7% to Arauz's 32.7% in the first round in February.     Ecuador's bonds rallied in the aftermath, reflecting relief in the market, as t

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