Venezuela Bond Rally Fades as Investors Price in Bleaker Outlook

Houses in the Propatria neighborhood in Caracas, Venezuela, on Tuesday, Aug. 27, 2024. Venezuela’s Central Bank is releasing new 200 bolivar and 500 bolivar banknotes, now the country’s largest denomination of paper currency, as consumer prices slowed to 0.7% in July from 1% in June. Photographer: Bloomberg