Buy Venezuela, Sell Ukraine: Societe Generale – ValueWalk Premium
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Buy Venezuela, Sell Ukraine: Societe Generale

Investments in Venezuela come with plenty of political risk, but that risk may already be priced in, making it a better deal than countries where risk is growing but not yet reflected in bond yields. Societe Generale analyst Régis Chatellier thinks it’s a good time to shift investments from the Ukraine to Venezuela to take advantage of a spread that looks like it will narrow.

Venezuela and Ukraine ratings

“We recommend buying the Venezuela $2026 and selling the Ukraine $2023 on a cash neutral basis. We expect . . .

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