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Ecuador’s dollar bonds gained by over 1.5-2 points after a source reported the nation’s President Daniel Noboa said that his government expects to reach a deal with the IMF in the next two months, during an investor meeting in New York. The President said that talks with the IMF were ongoing, as part of the meeting with officials and investors to pitch economic reforms and other efforts of his government. Ecuador’s dollar notes have been on a uptrend this year with its 6% 2030s up ~36% YTD. A Bloomberg Index of EM dollar bonds also notes that Ecuador’s bonds have delivered YTD returns of 36.5%.
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