Fixed Income Analysis /Ecuador
Ecuador: Trade Idea – Long Ecuador 35s; Short 30s PDI
The available evidence suggests that a populist victory in the August 20 ballot is likely
Further inversion of the yield curve is to be expected, particularly as the long end seems cheap
Handsome returns with limited downside in a Long 35s–Short 30s PDI strategy. Long-only 35s has a nearly zero exp. return
Head of Research and Strategy @ BancTrust & Co.