Trump’s Warships Trigger Rally in Defaulted Venezuelan Bonds (1)

As US President Donald Trump trains naval guns on the Venezuelan coastline, talk of regime change swirls in Caracas — and on Wall Street, where speculators are bidding up prices on the country’s defaulted bonds.

The bet is that the ouster of socialist leader Nicolas Maduro would pave the way for an investor-friendly government that quickly cuts a deal to pay back a chunk of the $60 billion debt as part of a push to reinsert oil-rich Venezuela back into the global economy. Prices on the most widely traded of the defaulted bonds have climbed above 30 cents on the ...