This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
El Salvador’s dollar bonds were down over 2 points across the curve amid reports that IMF funding may be at a standstill due to the nation’s integration of Bitcoin into its financial system. The IMF had asked El Salvador to change its policies around Bitcoin to get access to $1.4bn in aid to speed-up public debt payments and other financial obligations. El Salvador however has had a firm pro-Bitcoin stance. Also, last week, El Salvador was said to have received a warning from an IMF official that the lender was concerned about the financial risks associated with Bitcoin.
El Salvador’s 8.25% 2032s were down 2.5 points to 81.90, yielding 11.82%.