Fixed Income Analysis /

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

Ramiro Blazquez
Ramiro Blazquez

Head of Research and Strategy

Agustin Costa
Federico Cuba
BancTrust & Co.
24 May 2023
Published byBancTrust & Co.


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