El Salvador Bonds Rally Over 90% This Year on Debt Restructuring, Improved US Relations
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El Salvador's bonds have rallied over 90% this year after debt restructuring with local banks.
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The government reached a deal to extend maturities on $1.45 billion in short-term debt.
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Announcement of a partnership with Google Cloud boosted investor sentiment.
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Improved relations with the U.S. have also contributed to the bond rally.
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Yields are still attractive at 11-12% after the rally.